Jim and Dwight have different abilities in the production of paper and pencils. Each person has 480 minutes (8 hours) available each day to produce paper and pencils. It takes Jim 3 minutes to produce a ream of paper and 0.5 minutes to produce a pencil. It takes Dwight 3 minutes to produce a ream of paper and 0.25 minutes to produce a pencil. Suppose these individuals decide to specialize and trade. To benefit from trade, Jim must specialize in _____ production and Dwight must specialize in _____ production. a) paper; paper b) paper; pencil c) pencil; paper