Hey, i need help with this assignment Assume that the farmer and the rancher can switch between producing meat and producing potatoes at a constant rate.Table 2Labor Hours Needed toMake 1 Pound ofPounds Producedin 24 HoursMeatPotatoesMeatPotatoesFarmer1446.Rancher883Refer to Table 2. Assume that the farmer and the rancher each has 24 labor hours available. If each person divides his time equally between the production of meatand potatoes, then total production isO a. 6 pounds of meat and 4.5 pounds of potatoes.b. 5.5 pounds of meat and 8 pounds of potatoes.c. 12 pounds of meat and 9 pounds of potatoes.d. 5 pounds of meat and 5.5 pounds of potatoes.QUESTION 24Refer to Table 2. Which of the following combinations of meat and potatoes could the farmer produce in 24 hours?a. 1 pound of meat and 8 pounds of potatoes.b. 2 pounds of meat and 2 pounds of potatoes.O c. 1 pounds of meat and 5 pounds of potatoes.d. 3 pounds of meat and 2 pounds of potatoes.QUESTION 25Refer to Table 2. Which of the following combinations of meat and potatoes could the rancher not produce in 24 hours?a. 5 pounds of meat and 1 pounds of potatoes.b. 2 pounds of meat and 2 pounds of potatoes.c. 1 pounds of meat and 3 pounds of potatoes.d. 4 pounds of meat and 1 pound of potatoes.

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Assume that the farmer and the rancher can switch between producing meat and producing potatoes at a constant rate. Table 2 Labor Hours Needed to Make 1 Pound of Pounds Produced in 24 Hours Meat Potatoes Meat Potatoes Farmer 4 4 6 3 Rancher 3 Refer to Table 2. Assume that the farmer and the rancher each has 24 labor hours available. If each person divides his time equally between the production of meat and potatoes, then total production is O a. 6 pounds of meat and 4.5 pounds of potatoes. O b. 5.5 pounds of meat and 8 pounds of potatoes. O c. 12 pounds of meat and 9 pounds of potatoes. O d. 5 pounds of meat and 5.5 pounds of potatoes.

Assume that the farmer and the rancher can switch between producing meat and producing potatoes at a constant rate. Table 2 Labor Hours Needed to Make 1 Pound of Pounds Produced in 24 Hours Meat Potatoes Meat Potatoes Farmer 4 4 6 3 Rancher 3 Refer to Table 2. Assume that the farmer and the rancher each has 24 labor hours available. If each person divides his time equally between the production of meat and potatoes, then total production is O a. 6 pounds of meat and 4.5 pounds of potatoes. O b. 5.5 pounds of meat and 8 pounds of potatoes. O c. 12 pounds of meat and 9 pounds of potatoes. O d. 5 pounds of meat and 5.5 pounds of potatoes.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 42P: A small company that shovels sidewalks and driveways has 100 homes signed up for its services this...

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