Two potteries, OR and BV, produce cups and mugs. The table shows their production possibilities. OR Cups Mugs (quantity per week) 180 and 0 120 and 30 60 and 60 0 and 90 BV Cups Mugs (quantity per week) 90 and 60 and 30 and 0 and 0 60 120 180 Today, each pottery produces 60 cups and 60 mugs. Suppose they make a deal: Each pottery will specialize, and they will trade 1 cup per mug. What does each pottery produce? With specialization, OR produces and BV produces OA. 90 cups; 180 mugs OB. 90 cups; 90 mugs OC. 30 cups and 90 mugs; 90 cups and 30 mugs D. 180 cups; 180-mugs

Two potteries, OR and BV, produce cups and mugs. The table shows their production possibilities. OR Cups Mugs (quantity per week) 180 and 0 120 and 30 60 and 60 0 and 90 BV Cups Mugs (quantity per week) 90 and 60 and 30 and 0 and 0 60 120 180 Today, each pottery produces 60 cups and 60 mugs. Suppose they make a deal: Each pottery will specialize, and they will trade 1 cup per mug. What does each pottery produce? With specialization, OR produces and BV produces OA. 90 cups; 180 mugs OB. 90 cups; 90 mugs OC. 30 cups and 90 mugs; 90 cups and 30 mugs D. 180 cups; 180-mugs

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter2: Economics: Eight Powerful Ideas

Section: Chapter Questions

Problem 15P

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Two potteries, OR and BV, produce cups and mugs. The table shows their
production possibilities.
OR
Cups Mugs
(quantity per
week)
180 and 0
120 and 30
60 and
60
0 and 90
BV
Cups
Mugs
(quantity per
week)
90
and
60 and
30
and
0 and
0
60
120
180
Today, each pottery produces 60 cups and 60 mugs. Suppose they make a
deal: Each pottery will specialize, and they will trade 1 cup per mug.
What does each pottery produce?
With specialization, OR produces
and BV produces
OA. 90 cups; 180 mugs
OB. 90 cups; 90 mugs
OC. 30 cups and 90 mugs; 90 cups and 30 mugs
D. 180 cups; 180-mugs

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