Use the Information Below to Answer the Following Questions

question 93

Multiple Choice

Use the information below to answer the following questions.
Fact 2.3.2
Agnes can produce either 1 unit of X or 1 unit of Y in an hour,while Brenda can produce either 2 units of X or 4 units of Y in an hour.
-Given Fact 2.3.2,what would be the total output of X and Y in an eight-hour day if Agnes and Brenda each specialized in producing the good in which they have a comparative advantage?

• A)3 units of X and 5 units of Y
• B)8 units of X and 16 units of Y
• C)8 units of X and 32 units of Y
• D)24 units of X and 40 units of Y
• E)16 units of X and 8 units of Y

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Definitions:

Null Hypothesis

A statement in hypothesis testing that there is no significant difference between specified populations, any observed difference being due to sampling or experimental error.

T Test

A statistical method that evaluates whether there is a significant difference between the averages of two distinct groups.

Research Hypothesis

A statement predicting a significant relationship or effect between variables, often tested against the null hypothesis.

Hypothesized Mean Difference

The expected or predicted difference between the mean values of two groups in a hypothesis test.