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Figure 3-2 -Refer to Figure 3-2.Originally,Ben Was Producing at His Point a at His

Question 45

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Figure 3-2
Figure 3-2    -Refer to Figure 3-2.Originally,Ben was producing at his point A and Jerry was producing at his point A.Then,each person decided to specialize in the product in which he has a comparative advantage.Furthermore,they agreed to trade 4 pounds of cones for 2 pounds of ice cream.As a result of these new arrangements,the gains from trade relative to the original situation are as follows: A) 1 additional pound of cones for Ben and 1 additional pound of ice cream for Jerry. B) 1 additional pound of ice cream for Ben and 1 additional pound of cones for Jerry. C) 2 additional pounds of ice cream for Ben and 2 additional pounds of cones for Jerry. D) 2 additional pounds of ice cream for Ben and 1 additional pound of cones for Jerry.
-Refer to Figure 3-2.Originally,Ben was producing at his point A and Jerry was producing at his point A.Then,each person decided to specialize in the product in which he has a comparative advantage.Furthermore,they agreed to trade 4 pounds of cones for 2 pounds of ice cream.As a result of these new arrangements,the gains from trade relative to the original situation are as follows:


A) 1 additional pound of cones for Ben and 1 additional pound of ice cream for Jerry.
B) 1 additional pound of ice cream for Ben and 1 additional pound of cones for Jerry.
C) 2 additional pounds of ice cream for Ben and 2 additional pounds of cones for Jerry.
D) 2 additional pounds of ice cream for Ben and 1 additional pound of cones for Jerry.

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