What is the minimum price a seller will accept

Reference no: EM133295158

Assignment:

How to establish the price range that will make trade advantageous to both countries:

What is the minimum price a seller (exporter) will accept? How or why do you know? What are the relative prices of reference?
What is the maximum price a buyer (importer) will pay? How or why do you know? What are the relative prices of reference?
How do these prices relate to the slope of each country's PPF? To the opportunity cost of producing each good for Home and for Foreign?

Reference no: EM133295158

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