Figure 3-17
Maxine's Production Possibilities Frontier
Daisy's Production Possibilities Frontier
-Refer to Figure 3-17.At which of the following prices would both Maxine and Daisy gain from trade with each other?
A)4 tarts for 2 pies
B)8 tarts for 12 pies
C)12 tarts for 28 pies
D)Maxine and Daisy could not both gain from trade with each other at any price.

Question

Figure 3-17
Maxine's Production Possibilities Frontier
Daisy's Production Possibilities Frontier  
-Refer to Figure 3-17.At which of the following prices would both Maxine and Daisy gain from trade with each other?
A)4 tarts for 2 pies 
B)8 tarts for 12 pies 
C)12 tarts for 28 pies 
D)Maxine and Daisy could not both gain from trade with each other at any price.

Quizplus · Accepted Answer

The Answer of Figure 3-17
Maxine's Production Possibilities Frontier
Daisy's Production Possibilities Frontier  
-Refer to Figure 3-17.At which of the following prices would both Maxine and Daisy gain from trade with each other?
A)4 tarts for 2 pies 
B)8 tarts for 12 pies 
C)12 tarts for 28 pies 
D)Maxine and Daisy could not both gain from trade with each other at any price.

Figure 3-17 Maxine's Production Possibilities Frontier