Which of the following combinations of meat and potatoes could the rancher not produce in 24 hours? Group of answer choices 5 pounds of meat and 1 pounds of potatoes. 2 pounds of meat and 2 pounds of potatoes. 1 pounds of meat and 3 pounds of potatoes. 4 pounds of meat and 1 pound of potatoes.

ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter2: Economic Tools And Economic Systems
Section: Chapter Questions
Problem 3.7P
icon
Related questions
Question

Table 3-7

Assume that the farmer and the rancher can switch between producing meat and producing potatoes at a constant rate.

  Labor Hours Needed to Make 1 Pound of Pounds Produced in 24 Hours
 Meat Potatoes Meat Potatoes
Farmer  6  4  4  6
 Rancher  3  8  8  3

 

 


 

Refer to Table 3-7. Which of the following combinations of meat and potatoes could the rancher not produce in 24 hours?

Group of answer choices

5 pounds of meat and 1 pounds of potatoes.

2 pounds of meat and 2 pounds of potatoes.

1 pounds of meat and 3 pounds of potatoes.

4 pounds of meat and 1 pound of potatoes.

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Budget Constraint
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
ECON MACRO
ECON MACRO
Economics
ISBN:
9781337000529
Author:
William A. McEachern
Publisher:
Cengage Learning
ECON MICRO
ECON MICRO
Economics
ISBN:
9781337000536
Author:
William A. McEachern
Publisher:
Cengage Learning
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
Brief Principles of Macroeconomics (MindTap Cours…
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning