Jaz and Kimora produce leeks and carrots. Their production possibilities are gi...
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Jaz and Kimora produce leeks and carrots. Their production possibilities are given by the following functions:
Jaz: QL = 392 - 4QC
Kimora: QL = 420 - 3QC
Before they trade, Jaz is producing and consuming 184 leeks and 52 carrots.
Before they trade, Kimora is producing and consuming 186 leeks and 78 carrots.
Then they decide to specialize and trade based on comparative advantage. They agree to trade 204 leeks for 54 carrots. How many MORE carrots will Kimora have with trade compared to without trade?
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