Suppose jimmy says that he is willing to give up three, Ask an Expert

Economics

Suppose Jimmy says that he is willing to give up three apples in exchange for one banana, or give up one banana in exchange for three apples. Either trade is alright with him. Suppose that apples cost $2 and bananas cost $1. What trade, if any, would you suggest that Jimmy make, and why?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91520844

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