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4. Figure 3-10 Alice and Betty's Production Possibilities in one 8-hour day. Alice's Production Possibilities Frontier Betty's Production Possibilities Frontier 500- 500 [ momade 450

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4. Figure 3-10 Alice and Betty's Production Possibilities in one 8-hour day. Alice's Production Possibilities Frontier Betty's Production Possibilities Frontier 500- 500 [ momade 450 450 400 400- 350 350 + 300 + 300+ 250 250 - 200 A 200 B (180.180) 150 150+ 100 100 + 50 50 100 150 200 250 300 350 400 pimas 50 100 150 200 250 300 350 400 pizzas Refer to Figure 3-10. Both Alice and Betty A. face a constant trade-off between producing pitchers of lemonade and pizzas. B. can produce more pizzas than pitchers of lemonade if they devote all of their time to pizza production. C. would benefit from specializing in lemonade production. D. would benefit from specializing in pizza production

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