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Answer the Question on the Basis of the Following Production

question 93

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Answer the question on the basis of the following production possibilities tables for countries Alpha and Beta: Alpha Production Possibilities:

ABCD Product X3210 Product Y04812\begin{array} { l c c c c } & \underline { \mathrm { A } } & \underline { \mathrm { B } } & \underline { \mathrm { C } } & \underline{ \mathrm { D } } \\ \text { Product } X & 3 & 2 & 1 & 0 \\ \text { Product } Y & 0 & 4 & 8 & 12 \end{array}

Beta Production Possibilities:

ABCD Product X6420 Product Y04812\begin{array} { l c c c c } & \underline { \mathrm { A } } & \underline { \mathrm { B } } & \underline { \mathrm { C } } & \underline { \mathrm { D } } \\\text { Product } X &6&4&2&0\\\text { Product } Y & 0 & 4 & 8 & 12 \end{array} Refer to the tables.Assume that before specialization both nations chose to produce alternative B.The gains from specialization and trade would be:


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