Suppose That Leslie and Hussein Can Either Make Salads or Grill

question 168

Multiple Choice

Suppose that Leslie and Hussein can either make salads or grill steaks. Their maximum outputs per hour are listed in the following table. Given the same quantity of resources, at what terms of trade relative price ratio) could they specialize and trade so that both consume outside their own production possibilities frontiers PPFs) ? $$\begin{array} { l l l l l } \hline & \begin{array} { l } \text { Maximum } \\\text { Number of Salads }\end{array} & \begin{array} { l } \text { Opportunity } \\\text { Cost of 1 Salad }\end{array} & \begin{array} { l } \text { Maximum } \\\text { Number of Steaks }\end{array} & \begin{array} { l } \text { Opportunity Cost } \\\text { of 1 Steak }\end{array} \\\hline \text { Leslie } & 9 & 1 / 3 \text { steak } & 3 & 3 \text { salads } \\\text { Hussein } & 12 & 1 / 2 \text { steak } & 6 & 2 \text { salads } \\\hline\end{array}$$

• A) 1 salad per 1 steak
• B) 2 salads per 1 steak
• C) 2.5 salads per 1 steak
• D) 3 salads per 1 steak
• E) 3.5 salads per 1 steak

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Definitions:

Individual

A single human being distinct from a group, class, or family, noted for unique identity and characteristics.

Genetic Combinations

Genetic combinations refer to the various genetic makeups produced through the mixing of parental genes.

Laws of Probability

Mathematical principles that describe the likelihood of events occurring, used to predict the outcomes of various scenarios.

Sperm

The male reproductive cell or gamete, which is necessary for fertilization of the female ovum, leading to the development of an embryo.