Figure 3-3 Bob's Production Possibilities Frontier Enid's Production Possibilities Frontier

question 196

Multiple Choice

Figure 3-3
Bob's Production Possibilities Frontier Enid's Production Possibilities Frontier
-Refer to Figure 3-3.Without trade,Bob produced and consumed 240 tacos and 120 burritos and Enid produced and consumed 100 tacos and 150 burritos.Then,each person agreed to specialize in the production of the good in which they have a comparative advantage and trade 260 tacos for 156 burritos.As a result,Bob gained

• A) 20 tacos and 24 burritos and Enid gained 40 tacos and 6 burritos.
• B) 20 tacos and 36 burritos and Enid gained 160 tacos and 6 burritos.
• C) 260 tacos and 144 burritos and Enid gained 140 tacos and 156 burritos.
• D) 260 tacos and 156 burritos and Enid gained 260 tacos and 156 burritos.

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Definitions:

Intrapreneur

An employee within a company who promotes innovative product development and marketing by acting as an entrepreneur.

Entrepreneurs

Individuals who initiate, manage, and take the risk of starting and running a new business.

70 Hours

Without context, it's unclear; could refer to a specific workweek duration in certain industries or regulations limiting working hours.