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asap please TABLE 1. Assume that Andrea and Paul can switch between producing wheat and producing beef at a constant rate. 4. Refer to TABLE
asap please
TABLE 1. Assume that Andrea and Paul can switch between producing wheat and producing beef at a constant rate. 4. Refer to TABLE 1. Assume that Andrea and Paul each has 960 minutes available, If each person divides his time equally between the production of wheat and beef, then total production is a. 24 bushels of wheat and 64 pounds of beef. b. 21 bushels of wheat and 33 pounds of beef. c. 16 bushels of wheat and 48 pounds of beef. d. 5 bushels of wheat and 24 pounds of beef.) 5. Refer to TABLE 1. Who has the comparative advantage in the production of Wheat? a. Andrea b. Paul c. Both Andrea and Paul. d. None of them. a b c d 6. Refer to TABLE 1. Who has the absolute advantage in the production of Beef? a. Andrea b. Paul c. Both Andrea and Paul. d. None of them. a b d Step by Step Solution
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