Table 3-4
Assume that the farmer and the rancher can switch between producing meat and producing potatoes at a constant rate.

-Refer to Table 3-4.Assume that the farmer and the rancher each has 24 labor hours available.If each person spends all his time producing the good in which he has a comparative advantage,then total production is
A) 3 pounds of meat and 4 pounds of potatoes.
B) 8 pounds of meat and 12 pounds of potatoes.
C) 11 pounds of meat and 16 pounds of potatoes.
D) 15 pounds of meat and 12 pounds of potatoes.

Question

Table 3-4
Assume that the farmer and the rancher can switch between producing meat and producing potatoes at a constant rate.
 
-Refer to Table 3-4.Assume that the farmer and the rancher each has 24 labor hours available.If each person spends all his time producing the good in which he has a comparative advantage,then total production is
A) 3 pounds of meat and 4 pounds of potatoes. 
B) 8 pounds of meat and 12 pounds of potatoes. 
C) 11 pounds of meat and 16 pounds of potatoes. 
D) 15 pounds of meat and 12 pounds of potatoes.

Quizplus · Accepted Answer

The Answer of Table 3-4
Assume that the farmer and the rancher can switch between producing meat and producing potatoes at a constant rate.
 
-Refer to Table 3-4.Assume that the farmer and the rancher each has 24 labor hours available.If each person spends all his time producing the good in which he has a comparative advantage,then total production is
A) 3 pounds of meat and 4 pounds of potatoes. 
B) 8 pounds of meat and 12 pounds of potatoes. 
C) 11 pounds of meat and 16 pounds of potatoes. 
D) 15 pounds of meat and 12 pounds of potatoes.

Table 3-4 Assume That the Farmer and the Rancher Can Switch Between