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Find a possible price for the hammer

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Reference no: EM131536419

Tom can produce a hammer at an opportunity cost of $1.10. (this means he gives up producing something worth $1.10) Tum can produce a hammer at an opportunity cost of $1.50. Who will produce the hammer? If they trade (and are the only two hammer producers), find a possible price for the hammer.

Reference no: EM131536419

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