The Table Given Below Represents the Output Per Hour of Cookies

question 11

Multiple Choice

The table given below represents the output per hour of cookies and chilies in Ohio and Iowa.Table 2.4

-Bob and Bill can make 16 toys each if they devote 8 working hours in a day. Further, Bob can repair 4 cars and Bill can repair 2 cars, if they devote 8 working hours in a day. When these two individuals engage in trade, it would be advantageous for both if:

• A)Bob specializes in the production of toys and Bill specializes in car repairing.
• B)Bob specializes in car repairing and Bill specializes in the production of toys.
• C)they specialize only in car repairing.
• D)they specialize only in the production of toys.
• E)they distribute their working hours evenly between the production of two goods.

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Definitions:

Partnership by Estoppel

A legal doctrine that treats a non-partner as if they were an actual partner due to their actions towards third parties.

Registered Dietician

A healthcare professional legally certified to assess, diagnose, and treat nutritional problems.

Significant Order

A Significant Order refers to a crucial or highly important legal directive or decision issued by a court.

Health Benefits

Privileges or compensation related to healthcare provided to employees or members by an employer or organization.