Table 3-23
Assume that the farmer and the rancher can switch between producing pork and producing tomatoes at a constant rate.
-Refer to Table 3-23. Assume that the farmer and the rancher each has 24 labor hours available. If each person spends all his time producing the good in which he has a comparative advantage, then total production is
A) 4 pounds of pork and 6 pounds of tomatoes.
B) 6 pounds of pork and 8 pounds of tomatoes.
C) 4 pounds of pork and 8 pounds of tomatoes.
D) 6 pounds of pork and 6 pounds of tomatoes.
Correct Answer:
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