1. Slovenia has 48 labor hours available and produces 2 goods, pipe cleaners and glitter. It takes 12 labor hours to make 1 ton of glitter and 4 labor hours to make 1 barrel of pipe cleaners. Which bundle of goods can Slovenia produce efficiently? a. 4 tons of glitter and 1 barrel of pipe cleaners b. 2 tons of glitter and 6 barrels of pipe cleaners c. I ton of glitter and 5 barrels of pipe cleaners d. 2 tons of glitter and 4 barrels of pipe cleaners
1. Slovenia has 48 labor hours available and produces 2 goods, pipe cleaners and glitter. It takes 12 labor hours to make 1 ton of glitter and 4 labor hours to make 1 barrel of pipe cleaners. Which bundle of goods can Slovenia produce efficiently? a. 4 tons of glitter and 1 barrel of pipe cleaners b. 2 tons of glitter and 6 barrels of pipe cleaners c. I ton of glitter and 5 barrels of pipe cleaners d. 2 tons of glitter and 4 barrels of pipe cleaners
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter3: Interdependence And The Gains Rrom Trade
Section: Chapter Questions
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