Given Fact 2.4.1, the opportunity cost of producing 1 loaf of bread is

Question 4 options:

A.20 minutes (1/3 hour) for Andy and 1 hour for Rolfe.

B.8 kilograms of butter for both Andy and Rolfe.

C.3 kilograms of butter for Andy and 1 kilogram of butter for Rolfe.

D.1/3 kilogram of butter for Andy and 1 kilogram of butter for Rolfe.

E.not calculable from the given information.

Question 5 (Mandatory) (1 point)

Use the information below to answer the following questions.

Fact 2.4.2

Agnes can produce either 1 unit of X or 1 unit of Y in an hour, while Brenda can produce either 2 units of X or 4 units of Y in an hour.

Refer to Fact 2.4.2. Which one of the following statements is true?

Question 5 options:

A.Agnes will not gain from trade.

B.Brenda has a comparative advantage in the production of X.

C.Brenda has an absolute advantage over Agnes in the production of both goods.

D.Brenda will not gain from trade.

E.Agnes has a comparative advantage in the production of Y.