Both Geppetto and Lewis are toy store owners. They decide that they would like to trade puzzles their toy store shelves. The table below compares their production possibilities schedules. Production Possibilities Schedules Geppetto Puzzles 100 88 бе 48 28 e Puppets 8 4 Lewis: 8 12 16 28 Geppetto: Puzzles 58 48 30 20 18 e Leids Instructions: Enter your answers as a whole number. a. Geppetto and Lewis agree to trade at a rate of 3 puzzles for each puppet. With those terms of trade, who is most likely to be the supplier of puzzles? Who is most likely to be the supplier of puppets? Puzzles: (Click to select) Puppets e Puppets: (Click to select) b. The two toy store owners agree to specialize and to trade 30 puzzles for 10 puppets. The terms of trade are still 3 puzzles for each puppet. How many puzzles and puppets will each one have after they complete their trade? puzzles and puppets puzzles and S 18 15 20 25 puppets

Both Geppetto and Lewis are toy store owners. They decide that they would like to trade puzzles their toy store shelves. The table below compares their production possibilities schedules. Production Possibilities Schedules Geppetto Puzzles 100 88 бе 48 28 e Puppets 8 4 Lewis: 8 12 16 28 Geppetto: Puzzles 58 48 30 20 18 e Leids Instructions: Enter your answers as a whole number. a. Geppetto and Lewis agree to trade at a rate of 3 puzzles for each puppet. With those terms of trade, who is most likely to be the supplier of puzzles? Who is most likely to be the supplier of puppets? Puzzles: (Click to select) Puppets e Puppets: (Click to select) b. The two toy store owners agree to specialize and to trade 30 puzzles for 10 puppets. The terms of trade are still 3 puzzles for each puppet. How many puzzles and puppets will each one have after they complete their trade? puzzles and puppets puzzles and S 18 15 20 25 puppets

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter2: Choice In A World Of Scarcity

Section: Chapter Questions

Problem 25P: If the price of a pie is 12, what is the maximum number of pies she could buy in a week?

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The line graph below shows the number of times Jensen logged onto MyOpenMath each week of the semester. 8- -2 Week Number How many times did Jensen log on during week 4?
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If the price of a pie is 12, what is the maximum number of pies she could buy in a week?
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