Figure: The Production Possibility Frontiers for Jackson and Tahoe
(Figure: The Production Possibility Frontiers for Jackson and Tahoe) Look at the figure The Production Possibility Frontiers for Jackson and Tahoe.In autarky, Jackson produces and consumes 30 head of cattle and 80 bushels of wheat, while Tahoe produces and consumes 80 head of cattle and 60 bushels of wheat.Each nation specializes completely, based on comparative
advantage, and the price of 1 head of cattle equals 2 bushels of wheat.If Jackson exports 120 bushels of wheat to Tahoe, then the new consumption point for Tahoe after trade is ________
bushels of wheat and head of cattle.
A.120; 140
B.120; 60
C.60; 120
D.400; 200

Question

Figure: The Production Possibility Frontiers for Jackson and Tahoe
  (Figure: The Production Possibility Frontiers for Jackson and Tahoe) Look at the figure The Production Possibility Frontiers for Jackson and Tahoe.In autarky, Jackson produces and consumes 30 head of cattle and 80 bushels of wheat, while Tahoe produces and consumes 80 head of cattle and 60 bushels of wheat.Each nation specializes completely, based on comparative
advantage, and the price of 1 head of cattle equals 2 bushels of wheat.If Jackson exports 120 bushels of wheat to Tahoe, then the new consumption point for Tahoe after trade is ________
bushels of wheat and head of cattle. 
A.120; 140
B.120; 60
C.60; 120
D.400; 200

Quizplus · Accepted Answer

The Answer of Figure: The Production Possibility Frontiers for Jackson and Tahoe
  (Figure: The Production Possibility Frontiers for Jackson and Tahoe) Look at the figure The Production Possibility Frontiers for Jackson and Tahoe.In autarky, Jackson produces and consumes 30 head of cattle and 80 bushels of wheat, while Tahoe produces and consumes 80 head of cattle and 60 bushels of wheat.Each nation specializes completely, based on comparative
advantage, and the price of 1 head of cattle equals 2 bushels of wheat.If Jackson exports 120 bushels of wheat to Tahoe, then the new consumption point for Tahoe after trade is ________
bushels of wheat and head of cattle. 
A.120; 140
B.120; 60
C.60; 120
D.400; 200

Figure: the Production Possibility Frontiers for Jackson and Tahoe