Solved

Use the Information Below to Answer the Following Questions

Question 93

Multiple Choice

Use the information below to answer the following questions.
Fact 2.3.2
Agnes can produce either 1 unit of X or 1 unit of Y in an hour,while Brenda can produce either 2 units of X or 4 units of Y in an hour.
-Given Fact 2.3.2,what would be the total output of X and Y in an eight-hour day if Agnes and Brenda each specialized in producing the good in which they have a comparative advantage?


A) 3 units of X and 5 units of Y
B) 8 units of X and 16 units of Y
C) 8 units of X and 32 units of Y
D) 24 units of X and 40 units of Y
E) 16 units of X and 8 units of Y

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions