Snap and Bolt are two countries that both produce bananas and sugar.In Snap,each worker in a one-hour period can produce either 12 pounds of bananas or 3 pounds of sugar.In Bolt,each worker in a one-hour period can produce either 5 pounds of bananas or 2 pounds of sugar.Suppose both countries have constant opportunity cost of production and decide to specialize and exchange.The country that specializes in sugar is willing to sell 100 pounds of sugar for at least ________ pounds of bananas,and the other country will pay no more than ________ pounds of bananas.

Question

Quizplus · Accepted Answer

The Answer of Snap and Bolt are two countries that both produce bananas and sugar.In Snap,each worker in a one-hour period can produce either 12 pounds of bananas or 3 pounds of sugar.In Bolt,each worker in a one-hour period can produce either 5 pounds of bananas or 2 pounds of sugar.Suppose both countries have constant opportunity cost of production and decide to specialize and exchange.The country that specializes in sugar is willing to sell 100 pounds of sugar for at least ________ pounds of bananas,and the other country will pay no more than ________ pounds of bananas.

Snap and Bolt Are Two Countries That Both Produce Bananas