Cast... Supposo initially that you (M) aro consuming 24 pounds of apples and 8 p

Question

Cast... Supposo initially that you (M) aro consuming 24 pounds of apples and 8 pounds of chorries and that your neighbor (N) is consurming 28 pounds of apples and 4 pounds of cherries, as indicated in the graph. Then, suppose you and your neighbor specialize by each only picking the good for which you have a comparasve advantage and rade. In paricular, supposo you trade your neighbor half of your production for half of what your neighbor produces. Find More Tools Edit Settings In the table below, first fil in production when specializing. (Enter numevic respanses using integers.) Cut C Your Neighbor Help 28 without trade Production with Trado 72 32 Naxt, fill in consumption with trado. Rocall that you trado your noighbor half of what you pick for half of what yaur noighbor picks. Your Neighbor 0 816 24 32 40 48 56 64 72 80 Apples(pounds 28 without trade 24 Production 72 with Trade 32 36 16 16 with Trade Finally, fill in gains from trade. Your Neighbor without trade 24 72 32 with Trado Consumption with Trado 3616 36 16 from Trade

Explanation / Answer

The answers are you-apples =12,cherries=8

The answer for your neighbour=Apples=8,Cherries=12

100% sure. No doubt about it

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