Table 35 Assume that England and Spain can switch between pr

Table 3-5 Assume that England and Spain can switch between producing cheese and producing bread at a constant rate Number of Units Labor Hours Needed to Make 1 Unit of Produced in 40 Hours Cheese Bread 4 8 Bread 10 Cheese England 40 10 ain 4 Refer to Table 3-5. Assume that England and Spain each has 40 labor hours available. If each country divides its time equally between the production of cheese and bread, then total production is a. 20 units of cheese and 5 units of bread C b.25 units of cheese and 7.5 units of bread. O c. 50 units of cheese and 15 units of breag C d.40 units of cheese and 10 units of bread

Solution

The correct answer is: b)

Reason: England can produce 20 units of cheese and 5 units of bread with 20 hours each. And, Spain can produce 5 units of cheese and 2.5 units of bread with 20 hours each. Thus, in total 25 units of cheese and 7.5 units of bread.

Thanks!

 Table 3-5 Assume that England and Spain can switch between producing cheese and producing bread at a constant rate Number of Units Labor Hours Needed to Make 1

Get Help Now

Submit a Take Down Notice

Tutor
Tutor: Dr Jack
Most rated tutor on our site