6 Krisha can pick 4 pounds of coffee beans in an hour or gather 2 pounds of nuts. Tom can pick 2 pounds of coffee beans in an hour or gather 4 pounds of nuts. Each works 6 hours per day. 0.5 points a. Together, what is the maximum number of pounds of coffee beans the two can pick in a day? What is the maximum number of pounds of nuts the two can gather in a day? Maximum amount of coffee beans: pounds per day Book Maximum amount of nuts: pounds per day b. Now suppose Krisha and Tom were gathering the maximum number of pounds of nuts when they decided that hey would like to begin picking 8 pounds of coffee beans per day. Who would pick the coffee beans? Krisha How many pounds of nuts wo they still be able to gather? ( pounds of nuts per day. c. Would it be possible for Krisha and Tom in total to gather 26 pounds of nuts and pick 20 pounds of coffee beans each day? Yes If so, how much of each good should each person pick? Coffee Beans Nuts Tom pounds pounds Krisha pounds pound 1. The combination of 30 pounds of coffee beans and 12 pounds of nuts per day is (attainable and efficient e. On the diagram below, show Krisha and Tom's combined daily PPC Instructions: Use the tool provided to plot Krisha and Tom's PPC. Plot three points total: one point if they both pick only coffee beans, a second point if they both completely specialize according to their respective comparative advantage, and a third if both g er only nuts. Krisha & Tom's PPC Tools Coffee Beans (pounds/day) 30 36 42 Nuts (pounds/day) Check my work Krisha can pick 4 pounds of coffee beans in an hour or gather 2 pounds beans in an hour or gather 4 pounds of nuts. Each works 6 hours per day. Ass pounds of nuts. Tom can pick 2 pounds of coffee according to their comparative advantage to produce coffee beans and assume that Tom and Krisha specialize 0.55 a. Suppose that Krisha and Tom could buy or sell coffee beans and nuts in the world market at a price of $2 per pound for coffee beans and $2 per pound for nuts. If each person specialized compl ecialized completely in the good for which he or she had a comparative advantage, how much could they earn by selling all they produce (Tom's earnings plus Book $ per day. the prices just described, what is the maximum amount of coffee beans Krisha and Tom could buy each day in Maximum amount of coffee beans that could be bought each day: (]pounds. Maximum amount of nuts that could be bought each day: (pounds Using the world market and the prices described above, would it be possible for Krisha and Tom to consume 40 pounds of nuts and 8 pounds of coffee beans each day? (Click to select) ) . c. In light of their ability to buy and sell in world markets at the stated prices, on the same graph as their PPC, show all of the combinations of the two goods it would be possible for them to consume. This is a sume. This is also known as their consumption possibilities curve, or CPC . Instructions: Use the tool provided to draw all combinations of coffee beans and nuts it would be possible for them to consume. Plot only the endpoints of this curve. Krisha & Tom's PPC Tools Coffee Beans (pounds/day) 8 12 16 20 24 28 32 36 40 44 48 52 56 Nuts (pounds/day)