Anita is a wonderful baker and can bake 10 cakes in a day, but then has no time left to make cookies. If she bakes only cookies, she can make 200 cookies in a day. John can make equally delicious cakes and cookies but can only make seven cakes or 100 cookies in a day. Based on this information, which of the following statements is true?
A) Anita should split her time between cakes and cookies. John should bake cakes.
B) Anita should bake cakes and John should bake cookies.
C) Anita and John should split their time equally between cakes and cookies.
D) Anita should bake cookies and John should bake cakes.
Correct Answer:
Verified
Q46: The theory of comparative advantage is:
A) rarely
Q47: Use the following to answer questions:
Figure: PPF
Q48: Comparative advantage is determined by which of
Q49: Use the following to answer questions:
Figure: PPF
Q50: Which of the following statements shows how
Q52: Use the following to answer questions:
Figure: PPF
Q53: The production possibilities frontier shows:
A) the combinations
Q54: Use the following to answer questions:
Figure: PPF
Q55: Use the following to answer questions:
Figure: PPF
Q56: Use the following to answer questions:
Figure: PPF
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