Countries have constant opportunity cost

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Snap and Bolt are two countries that both produce bananas and sugar. In Snap each worker in a one-hour period can produce either 13.72 pounds of bananas or 7.48 pounds of sugar. In Bolt each worker in a one-hour period can produce either 12.44 pounds of bananas or 2.8 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 _____ pounds of bananas. Enter a numerical value, rounded to two decimal places, such as 4.56 or 8.20.

Reference no: EM131761173

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