Use the information below to answer the following questions.
Fact 2.3.1
In an eight- hour day, Andy can produce either 24 loaves of bread or 8 kilograms of butter.In an eight- hour day, Rolfe can produce either 8 loaves of bread or 8 kilograms of butter.
-Consider Fact 2.3.1.After specialization, total consumption
A)is 8 loaves of bread and 8 kilograms of butter.
B)depends on the preferences of Andy and Rolfe.
C)is 24 loaves of bread and 8 kilograms of butter.
D)is 8 loaves of bread and 24 kilograms of butter.
E)is 32 loaves of bread and 16 kilograms of butter.

Question

Quizplus · Accepted Answer

Since Andy is more productive in producing bread and Rolfe is more productive in producing butter, after specialization, Andy should produce all 24 loaves of bread and Rolfe should produce all 8 kilograms of butter. Therefore, the total consumption would be 24 loaves of bread and 8 kilograms of butter.

Use the Information Below to Answer the Following Questions