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PPF - Price of the Trade
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Problem 1
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Problem 3
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Problem 10
PPF - Price of the Trade
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2. Introductory Economic Models / PPF - Price of the Trade / Problem 3
Problem 3
Given the opportunity costs of 1 hunch punch as 0.5 pizza rolls for Producer A and 1 pizza roll for Producer B, what is a fair trade price?
A
1.5 pizza rolls per hunch punch.
B
0.75 pizza rolls per hunch punch.
C
0.25 pizza rolls per hunch punch.
D
1 pizza roll per hunch punch.
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