Figure 3-2

-Refer to Figure 3-2.Suppose Ben's production possibilities frontier is based on 4 hours of work and the same true is for Jerry's.Then
A)Ben requires 2 hours to produce a pound of ice cream and Jerry requires 40 minutes to produce a pound of cones.
B)if Ben worked 1 hour producing ice cream and 3 hours producing cones, and if Jerry worked 3 hours producing ice cream and 1 hour producing cones, total output would be 3)5 pounds of ice cream and 7.5 pounds of cones.
C)if each person worked 4 hours, specializing in the activity in which he has a comparative advantage, total output would be 4 pounds of ice cream and 8 pounds of cones.
D)All of the above are correct.

Question

Figure 3-2
 
-Refer to Figure 3-2.Suppose Ben's production possibilities frontier is based on 4 hours of work and the same true is for Jerry's.Then
A)Ben requires 2 hours to produce a pound of ice cream and Jerry requires 40 minutes to produce a pound of cones. 
B)if Ben worked 1 hour producing ice cream and 3 hours producing cones, and if Jerry worked 3 hours producing ice cream and 1 hour producing cones, total output would be 3)5 pounds of ice cream and 7.5 pounds of cones. 
C)if each person worked 4 hours, specializing in the activity in which he has a comparative advantage, total output would be 4 pounds of ice cream and 8 pounds of cones. 
D)All of the above are correct.

Quizplus · Accepted Answer

All of the statements are true based on the information provided in Figure 3-2.

Figure 3-2 -Refer to Figure 3-2.Suppose Ben's Production Possibilities Frontier Is Based