Figure 3-2 -Refer to Figure 3-2.Suppose Ben and Jerry Have Both Decided

Multiple Choice

Figure 3-2

-Refer to Figure 3-2.Suppose Ben and Jerry have both decided to produce at point A on their respective production possibilities frontiers.We know that

A) neither Ben's well-being nor Jerry's well-being could be improved as a result of trade between the two.
B) trade between the two could benefit Ben but not Jerry.
C) trade between the two could benefit Jerry but not Ben.
D) Ben and Jerry are both allocating 1/2 of their time to the production of each good.