Please no written by hand and no imageTable 3-1 Assume that Kalene and Tanek can switch between producing bread and wine at a constant rate. Kalene Tanek Labor Hours Needed to Make 1 Bottle of Wine Loaf of Bread 2 3 1.5 1 Refer to Table 3-1. Assume that Kalene and Tanek each work 24 hours. What happens to total production if instead of each person spending 12 hours producing each good, Kalene spends 21 hours producing wine and 3 hours producing bread and Tanek spends 3 hours producing wine and 21 hours producing bread? a) The total production of bread and wine each rise. O b) The total production of bread and wine each fall. Oc) The total production of bread falls and the total production ctiefgr O d) The total production of bread rises and the total production of wine falls. wine rises. Table 3-1Assume that Kalene and Tanek can switch between producing bread and wine at a constant rate.KaleneTanekLabor Hours Needed to Make 1Bottle of Wine Loaf of Bread231.51Refer to Table 3-1. Assume that Kalene and Tanek each work 24 hours. What happens to total production if instead ofeach person spending 12 hours producing each good, Kalene spends 21 hours producing wine and 3 hours producingbread and Tanek spends 3 hours producing wine and 21 hours producing bread?a) The total production of bread and wine each rise.Ob) The total production of bread and wine each fall.Oc) The total production of bread falls and the total production frywine rises.d) The total production of bread rises and the total production of wine falls.27y

Comparative advantage suggests that individuals, firms, or countries should specialize in producing…

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Table 3-1 Assume that Kalene and Tanek can switch between producing bread and wine at a constant rate. Kalene Tanek Labor Hours Needed to Make 1 Bottle of Wine Loaf of Bread 2 3 1.5 1 Refer to Table 3-1. Assume that Kalene and Tanek each work 24 hours. What happens to total production if instead of each person spending 12 hours producing each good, Kalene spends 21 hours producing wine and 3 hours producing bread and Tanek spends 3 hours producing wine and 21 hours producing bread? a) The total production of bread and wine each rise. O b) The total production of bread and wine each fall. Oc) The total production of bread falls and the total production ctiefgr O d) The total production of bread rises and the total production of wine falls. wine rises.

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