Figure 3-2 -Refer to Figure 3-2.Suppose Ben's Production Possibilities Frontier Is Based

question 123

Multiple Choice

Figure 3-2

-Refer to Figure 3-2.Suppose Ben's production possibilities frontier is based on 4 hours of work and the same true is for Jerry's.Then

• A)Ben requires 2 hours to produce a pound of ice cream and Jerry requires 40 minutes to produce a pound of cones.
• B)if Ben worked 1 hour producing ice cream and 3 hours producing cones, and if Jerry worked 3 hours producing ice cream and 1 hour producing cones, total output would be 3)5 pounds of ice cream and 7.5 pounds of cones.
• C)if each person worked 4 hours, specializing in the activity in which he has a comparative advantage, total output would be 4 pounds of ice cream and 8 pounds of cones.
• D)All of the above are correct.

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Definitions:

Nontraditional Work Schedule

Employee work schedules that differ from the typical Monday to Friday, 9 to 5 routine.

Remote Location

A place situated far from the main centers of population, often inaccessible or difficult to access.

Free Agents

Independent workers that supply organizations with short-term talent for projects or time-bound objectives.

Independent Workers

Individuals who earn their living by working independently, not as employees of a company, typically as freelancers, consultants, or contractors in various industries.