Business, 08.08.2019 22:20 HistoryLee

Page(s) 39-41 2.3. what are the benefits of specialization and trade? in one month, mikhail’s furnishings can make 160 carpets or 160 quilts, while dominique’s parlor can make 120 carpets or 200 quilts. currently, mikhail’s is making 80 carpets and 80 quilts per month while dominique’s is making 60 carpets and 100 quilts. if from now on mikhail’s starts making nothing but carpets and dominique’s makes nothing but quilts, and the two shops trade 90 quilts from dominique’s for 70 carpets from mikhail’s every month, what will be each shop’s gain from trade? answer the question by matching gains to shop.

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Page(s) 39-41 2.3. what are the benefits of specialization and trade? in one month, mikhail’s furni...

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