QUESTION 13 Table3-8 Assume that Pablo and Micah can switch between producing baseballs and producing bats at a constant rate. Labor Hours Needed Quantity Produced to Make 1 in 36 Hours baseball m baseballs Refer to Table 3-8. Micah has an absolute advantage in the production of O a-baseballs and a comparative advantage in the production of bats. O b-bats and a comparative advantage in the production of baseballs. O 6- neither good and a comparative advantage in the production of baseballs. O d-bats and a comparative advantage in the production of bats. Table 3-8 Assume that Pablo and Micah can switch between producing baseballs and producing bats at a constant rate. Labor Hours Needed Quantity Produced to Make 1 in 36 Hours baseball baseballs bats 1 36 12 1 36 18 Refer to Table 3-3. Micah has an absolute advantage in the production of O 3- baseballs and a comparative advantage in the production of bats. O b. bats and a comparative advantage in the production of baseballs. O 0- neither good and a comparative advantage in the production of baseballs. O d-bats and a comparative advantage in the production of bats. QUESTION 14 Table3-8 Assume that Pablo and Micah can switch between producing baseballs and producing bats at a constant rate. Labor Hours Needed Quantity Produced to Make 1 in 36 Hours baseball bat baseball bat Pablo 1 3 36 12 Micah 1 2 36 18 Refer to Table 3-8. Assume that Pablo and Micah each has 36 labor hours available. Originally, each person divided his time equally between the production of baseballs and bats. Now. each person spends all his time producing the good in which they have a comparative advantage. As a result, the total output of bats increased by O 3-6. O b-O. O 1:9. O 13. QUESTION 15 Table 3-8 Assume that Pablo and Micah can switch between producing baseballs and producing bats at a constant rate. Labor Hours Needed Quantity Produced to Make 1 in 36 Hours baseball baseball 3 1 Micah 2 Refer to Table 3-8. At which of the following prices would both Pablo and Micah gain from trade with each other? 0 a. 15 baseballs for 10 bats O b. 15 baseballs for 6 bats O c. 15 baseballs for 3 bats 0 d. Pablo and Micah could not both gain from trade with each other at any price