Cost of production and decide to specialize and exchange

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Reference no: EM131112936

Puma and Lima are two countries that both produce bananas and sugar. In Puma each worker in a one-hour period can produce either 11.83 pounds of bananas or 3.96 pounds of sugar. In Lima each worker in a one-hour period can produce either 14.43 pounds of bananas or 7.03 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 how many pounds of bananas. Enter a numerical value, rounded to two decimal places, such as 4.56 or 8.20.

Reference no: EM131112936

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