Figure 3-1
-Refer to Figure 3-1. If Paul divides his time equally between corn and wheat, what will he be able to produce?
A) 2 bushels of wheat and 2 bushels of corn
B) 3 bushels of wheat and 3 bushels of corn
C) 4 bushels of wheat and 5 bushels of corn
D) 4 bushels of wheat and 6 bushels of corn

Question

Figure 3-1 
-Refer to Figure 3-1. If Paul divides his time equally between corn and wheat, what will he be able to produce?
A) 2 bushels of wheat and 2 bushels of corn 
B) 3 bushels of wheat and 3 bushels of corn 
C) 4 bushels of wheat and 5 bushels of corn 
D) 4 bushels of wheat and 6 bushels of corn

Quizplus · Accepted Answer

If Paul divides his time equally between corn and wheat, he will spend 5 hours on each crop. From the production possibilities curve, he will be able to produce 4 bushels of wheat and 5 bushels of corn. Therefore, the correct answer is C, 4 bushels of wheat and 5 bushels of corn.

Figure 3-1 -Refer to Figure 3-1. If Paul Divides His Time Equally