These figures illustrate the production possibilities available to Barney and Betty with 8 hours of labor in their baker
Figure 3-4

-Refer to Figure 3-4.If Barney and Betty both specialize in the good in which they have a comparative advantage,
A) total production of bread will be 7 and total production of pies will be 15.
B) total production of bread will be 20 and total production of pies will be 14.
C) total production of bread will be 27 and total production of pies will be 29.
D) total production of bread will be 40 and total production of pies will be 22.
Correct Answer:
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Brenda and Eric run a business
Brenda and Eric run a business
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