Business, 09.10.2021 09:00 jameskarbar9p8c9d2

Australia can produce 0 tons of coal and 20 tons of steel or 100 tons of coal and 0 tons of steel, or any linear combination thereof. China can produce 0 tons of coal and 100 tons of steel or 10 tons of coal and 0 tons of steel, or any linear combination thereof. Suppose the countries are completely specializing by only producing the good for which they have the comparative advantage. If trade between the two countries takes place, what is the maximum price at which a ton of coal would trade between these two countries

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Australia can produce 0 tons of coal and 20 tons of steel or 100 tons of coal and 0 tons of steel, o...

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