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Greta and Carlos, if they spent 100% of their time on one good, can produce apples and tonnes of wheat as shown in the table below. Greta Carlos Apples (in tonnes) Wheat (in tonnes) 1250 50 1000 20 Assume that initially Greta produces 500 apples for herself and also 30 tonnes of wheat. Assume that Carlos initially produces 300 apples and also 14 tonnes of wheat. Assume next that Greta and Carlos decide to specialize. Once they specialize, how many extra apples and wheat in tonnes would they be able to produce? Select one: ○ A. 250/30 ○ B. 50/10 C. 200/6 D. No extra apples and wheat in tonnes ○ E. 100/6

Greta and Carlos, if they spent 100% of their time on one good, can produce apples and tonnes of wheat as shown in the table below. Greta Carlos Apples (in tonnes) Wheat (in tonnes) 1250 50 1000 20 Assume that initially Greta produces 500 apples for herself and also 30 tonnes of wheat. Assume that Carlos initially produces 300 apples and also 14 tonnes of wheat. Assume next that Greta and Carlos decide to specialize. Once they specialize, how many extra apples and wheat in tonnes would they be able to produce? Select one: ○ A. 250/30 ○ B. 50/10 C. 200/6 D. No extra apples and wheat in tonnes ○ E. 100/6

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Greta and Carlos, if they spent 100% of their time on one good, can produce apples and tonnes of wheat as shown in the table below. Greta Carlos Apples (in tonnes) Wheat (in tonnes) 1250 50 1000 20 Assume that initially Greta produces 500 apples for herself and also 30 tonnes of wheat. Assume that Carlos initially produces 300 apples and also 14 tonnes of wheat. Assume next that Greta and Carlos decide to specialize. Once they specialize, how many extra apples and wheat in tonnes would they be able to produce? Select one: ○ A. 250/30 ○ B. 50/10 C. 200/6 D. No extra apples and wheat in tonnes ○ E. 100/6
Transcribed Image Text:Greta and Carlos, if they spent 100% of their time on one good, can produce apples and tonnes of wheat as shown in the table below. Greta Carlos Apples (in tonnes) Wheat (in tonnes) 1250 50 1000 20 Assume that initially Greta produces 500 apples for herself and also 30 tonnes of wheat. Assume that Carlos initially produces 300 apples and also 14 tonnes of wheat. Assume next that Greta and Carlos decide to specialize. Once they specialize, how many extra apples and wheat in tonnes would they be able to produce? Select one: ○ A. 250/30 ○ B. 50/10 C. 200/6 D. No extra apples and wheat in tonnes ○ E. 100/6
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