Math, asked by preetisaroj1406, 6 months ago

Robinson Crusoe car. bake 10 loaves of bread (B) in one hour or peel 20 pctatoes (P). Friday can bake5 loaves of bread (B) in an hour or peel 30 potatoes (P). Draw PPF of each individual. What is theopportunity cost of producing 1 unit of bread and I unit of potato by Robison Crusoe and Friday?Show autarky point on PPF if production and consumption before trade is (5B, 10P) for RobinsonCrusoe and (10/3B and 50P) for Friday. If perfect competition prevails (Price = marginal cost),determine the price of each unit of bread and potato, also determine comparative advantage ofRobinson Crusoe and Friday. Would it be a complete specialization? Suppose commodities canexchange between two Individuals ai IB for 5P (1B = 5P) and each individual want to consume atleast 10 units of potatoes then determine gains from trade (a movement from autarky consumption totrade consumption) of each individual.what is the effect​

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Answered by himanshivashisht75
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