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HOMEWORK #7 Answer Key - Yale University

Question 2 (Mankiw Chapter 3 Problem 6, on page 60). The following table describes the production possibilities of two cities in the country of Baseballia: Pairs of Red Socks per Worker per Hour Pairs of White Socks per Worker per Hour Boston 3 3 Chicago 2 1 (a) Without trade, what is the price of white socks (in terms of red socks) in ...

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