Suppose that rob and big both raise animals and sell them, Ask an Expert

Economics

Suppose that Rob and Big both raise animals and sell them. Because Rob and Big have different talents, they have varying abilities to raise these animals. In 1 day, Rob can produce either 10 cows or 20 pigs. In 1 day, Big can produce either 9 cows or 36 pigs. Assume that Rob and Big decide to specialize completely and trade with one another. Over the course of 1 month (30 days), Rob will produce ____ cows and ___ pigs while Big will produce _____ cows and ____ pigs.

After specialization, suppose that Rob and Big trade with each other and Rob sends Big 87.0 cows. In order for both Rob and Big to benefit from trade, Big must send Rob more than: (round your answers to two decimal places)

_____ Number pigs and fewer than

_____Number pigs

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91273707

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