Suppose a worker in mexico can produce 30 tonnes of steel, Ask an Expert

Economics

Suppose a worker in Mexico can produce 30 tonnes of steel or 30 tonnes of wheat per month. Suppose a worker in Brazil can produce 10 tonnes of steel or 20 tonnes of wheat per month. (Assume that each country has only one worker.)

What are the range of prices for steel and wheat for which both countries could benefit?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M954291

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