Person 1 can allocate her 8-hour day between the production of two goods: A and B. Each hour devoted to Good B yields 2 units whereas each hour devoted to Good A produces 4 units. (a) State whether 9 units of Good B and 12 units of Good A are attainable, unattainable, efficient or inefficient. [State all that applies.] Select one or more: O attainable unattainable O efficient O inefficient (b) Person 2, can produce 3 units of Good B or 4 units of Good A per hour (i) Who has the absolute advantage in Choose. the production of Good B? (ii) Who has the absolute advantage in Choose.. the production of Good A?
Person 1 can allocate her 8-hour day between the production of two goods: A and B. Each hour devoted to Good B yields 2 units whereas each hour devoted to Good A produces 4 units. (a) State whether 9 units of Good B and 12 units of Good A are attainable, unattainable, efficient or inefficient. [State all that applies.] Select one or more: O attainable unattainable O efficient O inefficient (b) Person 2, can produce 3 units of Good B or 4 units of Good A per hour (i) Who has the absolute advantage in Choose. the production of Good B? (ii) Who has the absolute advantage in Choose.. the production of Good A?
Chapter13: General Equilibrium And Welfare
Section: Chapter Questions
Problem 13.4P
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![Person 1 can allocate her 8-hour day between the production of two goods: A and B. Each hour devoted to
Good B yields 2 units whereas each hour devoted to Good A produces 4 units.
(a) State whether 9 units of Good B and 12 units of Good A are attainable, unattainable, efficient or
inefficient. [State all that applies.]
Select one or more:
O attainable
unattainable
O efficient
O inefficient
(b) Person 2, can produce 3 units of Good B or 4 units of Good A per hour
(i) Who has the absolute advantage in
Choose.
the production of Good B?
(ii) Who has the absolute advantage in
Choose..
the production of Good A?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F994b9882-c590-4d71-930e-b6d13e644e03%2Fe854c9ef-e90e-4c52-9deb-f35763fc93fd%2Flyzx3ma_processed.png&w=3840&q=75)
Transcribed Image Text:Person 1 can allocate her 8-hour day between the production of two goods: A and B. Each hour devoted to
Good B yields 2 units whereas each hour devoted to Good A produces 4 units.
(a) State whether 9 units of Good B and 12 units of Good A are attainable, unattainable, efficient or
inefficient. [State all that applies.]
Select one or more:
O attainable
unattainable
O efficient
O inefficient
(b) Person 2, can produce 3 units of Good B or 4 units of Good A per hour
(i) Who has the absolute advantage in
Choose.
the production of Good B?
(ii) Who has the absolute advantage in
Choose..
the production of Good A?
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