It Takes Melissa Eight Hours to Produce a Bushel of Corn

question 169

Multiple Choice

It takes Melissa eight hours to produce a bushel of corn and two hours to wash and polish a car. It takes Greg six hours to produce a bushel of corn and one hour to wash and polish a car. If Greg and Melissa each work 48 hours in one week and produce only the good for which they have the comparative advantage, how much corn is produced and how many cars are washed in total?

• A) six bushels of corn and 48 washed cars
• B) eight bushels of corn and 24 washed cars
• C) eight bushels of corn and 48 washed cars
• D) six bushels of corn and 24 washed cars

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Definitions:

Management

The process of planning, organizing, leading, and controlling resources to achieve specific goals and objectives efficiently.

Crisis Leadership

The ability to effectively manage and lead during times of extreme challenge, uncertainty, or threat.

Proper Planning

The process of defining objectives, developing strategies, and outlining tasks and schedules to achieve the goals set.

Calm and Stable

Describing a situation, environment, or personality that is characterized by tranquility, predictability, and low volatility.