Refer to the accompanying figure. If Pat and Chris each spend half their time on each task, then:
A. the outcome will be efficient.
B. they will plant fewer bulbs and remove fewer bags of trash than if they each had specialized in the task at which they have a comparative advantage.
C. they will plant more bulbs and remove fewer bags of trash than if they had each specialized in the task at which they have a comparative advantage.
D. the outcome will be unattainable.
Answer: B
You might also like to view...
The table above shows a total product schedule. Suppose that labor costs $20 per worker and fixed costs are $60. The average total cost of producing 80 units equals ________ per unit
A) $0.75 B) $1.00 C) $1.75 D) $60 E) $0.25
If country A had four times the initial level of real GDP per capita of Country B and it was growing at 1.4 percent a year, while real GDP was growing at 2.3 percent in country B, how long would it take before the two countries had the same level of real GDP per capita?