Table 3-1
Assume that Sardi and Tinaka can switch between producing corn and producing pork at a constant rate.

-Refer to Table 3-1.At which of the following prices would both Sardi and Tinaka gain from trade with each other?
A) 6 bushels of corn for 10.5 pounds of pork
B) 12 bushels of corn for 19 pounds of pork
C) 24 bushels of corn for 34 pounds of pork
D) Sardi and Tinaka could not both gain from trade with each other at any price.

Question

Table 3-1
Assume that Sardi and Tinaka can switch between producing corn and producing pork at a constant rate.
 
-Refer to Table 3-1.At which of the following prices would both Sardi and Tinaka gain from trade with each other?
A) 6 bushels of corn for 10.5 pounds of pork 
B) 12 bushels of corn for 19 pounds of pork 
C) 24 bushels of corn for 34 pounds of pork 
D) Sardi and Tinaka could not both gain from trade with each other at any price.

Quizplus · Accepted Answer

The Answer of Table 3-1
Assume that Sardi and Tinaka can switch between producing corn and producing pork at a constant rate.
 
-Refer to Table 3-1.At which of the following prices would both Sardi and Tinaka gain from trade with each other?
A) 6 bushels of corn for 10.5 pounds of pork 
B) 12 bushels of corn for 19 pounds of pork 
C) 24 bushels of corn for 34 pounds of pork 
D) Sardi and Tinaka could not both gain from trade with each other at any price.

Table 3-1 Assume That Sardi and Tinaka Can Switch Between Producing Corn