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A Exam 2 - Requires Respondus LockDown Browser + Webcam Questions Started Mar 22 at 3:10pm Spacer Quiz Instructions ) Question 1 Question 2 Question 3 Question 4 D Question 15 7 pts Question 5 Question 6 Matthew and Lydia can make either brownies or pumpkin pies. For Matthew, he can produce 5 brownies per hour or 3 pumpkin Question 7 pies per hour. For Lydia, she can produce 6 brownies per hour or 4 pumpkin pies per hour. Suppose both Matthew and Lydia have the same amount of time to make brownies and pumpkin pies (the exact amount of time does not matter). Given that Time Running: Hide information, has the comparative advantage in producing brownies and has the comparative Attempt due: Mar 22 at 11: 1 Hour, 12 Minutes, advantage in producing pumpkin pies. Matthew Lydia O None of the other answer choices are correct. O Lydia, Lydia O Matthew, Matthew O Lydia, Matthew . Previous Next Not saved Submit QuizExam 2 - Requires Respondus LockDown Browser + Webcam Started: Mar 22 at 3:10pm Spacer Quiz Instructions ()) Question 1 Question 2 @) Question 3 D Question 14 7 pts Question 4 Question 5 Question 6 John and Mary can make either cheesecakes or apple pies. For John, he can produce 8 cheesecakes per hour or 3 apple pies Question 7 per hour. For Mary, she can produce 6 cheesecakes per hour or 4 apple pies per hour. Suppose both John and Mary have the same amount of time to make cheesecakes and apple pies (the exact amount of time does not matter). Given that Time Running: Hide information, has the absolute advantage in producing cheesecakes and has the absolute Attempt due Mar 22 at 1 advantage in producing apple pies. 1 Hour, 12 Minutes John, Mary None of the other answer choices are correct. Mary, Mary O Mary, John John, John Previous Next > Not saved Submit QuizA D Question :3 Question 6 The diagram below gives information about demand and supply for widgets in Econland. Please note that this diagram to also Question? on the graph sheet, if you printed one prior to the test (all supply and demand diagrams are the same on the graph sheet) Time Running Hide 14 Attempt dur Mar 27 2 11 Sip 13 1 Hour, 12 Minutes. 32 Se 12 11 S $ D 0 1 2 3 4 5 6 7 8 9 10 When trade (international trade) is allowed, suppose widgets can be obtained from the "Rest of the World" (the other country) at the world price of $3, and that Econland can import as many units as they want without the world price changing (as was the case in class). What import quota would have the same impact on consumer surplus as a $1 tariff in this market? O import quota of 6 O Import quota of 4