Figure 3-4

-Refer to Figure 3-4. Both Alvina and Betty
A)face a constant trade-off between producing pitchers of lemonade and pizzas.
B)can produce more pizzas than pitchers of lemonade if they devote all of their time to pizza production.
C)would benefit from specializing in lemonade production.
D)would benefit from specializing in pizza production.

Question

Figure 3-4
  
-Refer to Figure 3-4. Both Alvina and Betty
A)face a constant trade-off between producing pitchers of lemonade and pizzas. 
B)can produce more pizzas than pitchers of lemonade if they devote all of their time to pizza production. 
C)would benefit from specializing in lemonade production. 
D)would benefit from specializing in pizza production.

Quizplus · Accepted Answer

Both Alvina and Betty face a constant trade-off between producing pitchers of lemonade and pizzas, as indicated by the linear production possibilities frontier in Figure 3-4.

Figure 3-4 -Refer to Figure 3-4. Both Alvina and Betty