Table 3-4 Assume That the Farmer and the Rancher Can Switch Between

question 380

Multiple Choice

Table 3-4
Assume that the farmer and the rancher can switch between producing meat and producing potatoes at a constant rate.

-Refer to Table 3-4.Assume that the farmer and the rancher each has 24 labor hours available.If each person spends all his time producing the good in which he has a comparative advantage,then total production is

• A) 3 pounds of meat and 4 pounds of potatoes.
• B) 8 pounds of meat and 12 pounds of potatoes.
• C) 11 pounds of meat and 16 pounds of potatoes.
• D) 15 pounds of meat and 12 pounds of potatoes.

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