Use the Table Below to Choose the Correct Answer

question 37

Multiple Choice

Use the table below to choose the correct answer. The table outlines the production possibilities of Robinson Crusoe and Joe Friday. If Crusoe and Friday want to maximize their consumption possibilities,

• A)Crusoe should specialize in producing good X and Friday in producing good Y, but no trade should be allowed.
• B)Crusoe should specialize in producing good X and Friday in producing good Y; trade should occur to maximize joint consumption.
• C)Crusoe should specialize in producing good Y and Friday in producing good X; trade should occur to maximize joint consumption.
• D)Not enough information is provided to conclusively answer this question.

---

Definitions:

Product

An item or service that is manufactured or provided to meet the needs and wants of consumers.

Wicker Furniture

Furniture made from woven organic materials like rattan, bamboo, cane, or synthetic fibers designed for outdoor or indoor use.

Purchasing Decision

The purchasing decision is the process that leads a consumer to buy a product or service, involving the recognition of needs, the evaluation of options, and the final selection.