d. If Tommy and Ariel wanted to cheat, they might realize that they will get more done if they specialize and trade. Who should specialize in book reports? Who will specialize in problem sets? e. Show the work Ariel does (production) with specialization and trade and label it point B. f. If they were going to trade, name an acceptable price for a book report (in terms of problem sets).

d. If Tommy and Ariel wanted to cheat, they might realize that they will get more done if they specialize and trade. Who should specialize in book reports? Who will specialize in problem sets? e. Show the work Ariel does (production) with specialization and trade and label it point B. f. If they were going to trade, name an acceptable price for a book report (in terms of problem sets).

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter3: Your Role As A Consumer

Section3.3: Consumerism

Problem 5R

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