(Answered) Suppose that joans and terrys hourly production rates for

Economics

Suppose that Joan's and Terry's hourly production rates for squashes and turnips are as follows. For each case, determine who should specialize in producing squashes and then suggest an exchange rate for squashes and turnips that will benefit both Joan and Terry.

Case 1 Squashes Turnips

Joan	10	50
Terry	40	800

Case 2 Squashes Turnips

Joan	20	30
Terry	100	50

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