Figure 3-7 -Refer to Figure 3-7.If Bintu and Juba Switch from Each

question 226

Multiple Choice

Figure 3-7

-Refer to Figure 3-7.If Bintu and Juba switch from each person dividing her time equally between the production of cups and bowls to each person spending all of her time producing the good in which she has a comparative advantage,then total production will increase by

• A) 1 bowl and 1 cup.
• B) 2 bowls and 4 cups.
• C) 3 bowls and 5 cups.
• D) 4 bowls and 8 cups.

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Definitions:

Empirical Rule

A statistical rule stating that for a normal distribution, nearly all of the data will fall within three standard deviations of the mean.

Measure Variability

The degree to which data points in a dataset differ from each other and from their average value.

Square Root

A value that, when multiplied by itself, gives the original number. It is often represented as \(\sqrt{x}\) for a number \(x\).

Ranges

The difference between the maximum and minimum values in a data set, indicating the spread of values.