If r and f both have 12 hours of labor that they can give, Ask an Expert

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If R and F both have 12 hours of labor that they can give to catching fish or goats, and R requires 1 hour to catch a fish and 2 hours to catch a goat, F requires 6 hours to catch a fish and 3 hours to catch a goat. They are able to trade at Pf=Pg=4. How do I sketch their individual PPFs and show their budget constraints after trade?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9691358

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