-Agnes Can Produce Either 1 Unit of X or 1

question 315

Multiple Choice

-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. There can be gains from exchange

• A) if Agnes specializes in the production of X and Brenda specializes in the production of Y.
• B) if Agnes specializes in the production of Y and Brenda specializes in the production of X.
• C) only if Agnes becomes faster at producing X.
• D) only if Brenda becomes faster at producing X or Y.

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Definitions:

Third Party Intended Beneficiary

A person or entity that, while not a party to a contract, is intended by the contracting parties to benefit from its performance.

Academic Performance

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Romantic Relationships

Emotional and physical bonds between two people characterized by feelings of love, commitment, and intimacy.

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