Reference: Ref 2-6 (Table: Production Possibilities for Kenya and Sri Lanka) According to the table on Production Possibilities for Kenya and Sri Lanka, which of the following answers identifies a trade price that both countries would find acceptable? (Units are in tons.)
A) 0.5 bean for one tea

Question

Reference: Ref 2-6 (Table: Production Possibilities for Kenya and Sri Lanka) According to the table on Production Possibilities for Kenya and Sri Lanka, which of the following answers identifies a trade price that both countries would find acceptable? (Units are in tons.)
A) 0.5 bean for one tea < Trade price < two teas for one bean 
B) 0.5 bean for one tea < Trade price < three beans for one tea 
C) two teas for one bean < Trade price < three teas for one bean 
D) 0.3 bean for one tea < Trade price < two beans for one tea

Quizplus · Accepted Answer

The Answer of  Reference: Ref 2-6 (Table: Production Possibilities for Kenya and Sri Lanka) According to the table on Production Possibilities for Kenya and Sri Lanka, which of the following answers identifies a trade price that both countries would find acceptable? (Units are in tons.)
A) 0.5 bean for one tea < Trade price < two teas for one bean 
B) 0.5 bean for one tea < Trade price < three beans for one tea 
C) two teas for one bean < Trade price < three teas for one bean 
D) 0.3 bean for one tea < Trade price < two beans for one tea