Table 3-1 Labor Hours Needed to Make 1 Pound of: Pounds produced in 40 hours: Meat Potatoes Meat Potatoes Farmer 8 2 5 20 Rancher 4 5 10 8 Refer to Table 3-1. The farmer and the rancher both could benefit if the farmer were to specialize in A. meat and the rancher were to specialize in potatoes. B. potatoes and the rancher were to specialize in meat. C. neither good and the rancher were to specialize in both goods. D. none of the above; they cannot both benefit by specialization and trade