Suppose a technological innovation such a s a rope ladder


Suppose a technological innovation, such a s a rope ladder, increases the coconut productivity of both people: Fred can now produce there coconuts per day, while Kate can now produce two coconuts per day. Their productivity for fish has not changed. Suppose they agree to trade one coconut for each fish. Will both people gain from specialization and trade.

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Business Management: Suppose a technological innovation such a s a rope ladder
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