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

question 47

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 40 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) 4 pounds of meat and 5 pounds of potatoes.
• B) 10 pounds of meat and 20 pounds of potatoes.
• C) 14 pounds of meat and 25 pounds of potatoes.
• D) 24 pounds of meat and 15 pounds of potatoes.

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