Question :
141.RefertoFigure3-14.Arturowouldincuranopportunitycostof36burritosifheincreasedhisproductionoftacosby
a.27.
b.48.
c.108.
d.144.
142.RefertoFig : 1262261
141.RefertoFigure3-14.Arturowouldincuranopportunitycostof36burritosifheincreasedhisproductionoftacosby
a.27.
b.48.
c.108.
d.144.
142.RefertoFigure3-14.Whichofthefollowingisnotcorrect?
a.ArturoandDinacouldeachconsume100tacosand100burritoswithouttrade.
b.NeitherArturonorDinacouldeachconsume200tacosand200burritoswithouttrade.
c.ArturoandDinacouldeachconsume200tacosand200burritoswithtrade.
d.Totalconsumptionofburritoscouldnotbe600eitherwithorwithouttrade.
143.RefertoFigure3-14.SupposeArturoiswillingtotrade6burritostoDinaforeach10tacosthatDinaproducesandsendstoArturo.WhichofthefollowingcombinationsoftacosandburritoscouldDinathenconsume,assumingDinaspecializesintacoproductionandArturospecializesinburritoproduction?
a.100tacosand200burritos
b.200tacosand130burritos
c.300tacosand60burritos
d.340tacosand40burritos
144.RefertoFigure3-14.Arturohasanabsoluteadvantageintheproductionof
a.burritosandacomparativeadvantageintheproductionoftacos.
b.burritosandacomparativeadvantageintheproductionofburritos.
c.neithergoodandacomparativeadvantageintheproductionoftacos.
d.neithergoodandacomparativeadvantageintheproductionofburritos.
145.RefertoFigure3-14.Dinahasanabsoluteadvantageintheproductionof
a.burritosandacomparativeadvantageintheproductionoftacos.
b.burritosandacomparativeadvantageintheproductionofburritos.
c.neithergoodandacomparativeadvantageintheproductionoftacos.
d.neithergoodandacomparativeadvantageintheproductionofburritos.
146.RefertoFigure3-14.Arturoshouldspecializeintheproductionof
a.tacosandDinashouldspecializeintheproductionofburritos.
b.burritosandDinashouldspecializeintheproductionoftacos.
c.bothgoodsandDinashouldspecializeintheproductionofneithergood.
d.neithergoodandDinashouldspecializeintheproductionofbothgoods.
147.RefertoFigure3-14.IfArturoandDinaswitchfromeachpersondividingtheirtimeequallybetweentheproductionoftacosandburritostoeachpersonspendingalloftheirtimeproducingthegoodinwhichtheyhaveacomparativeadvantage,thentotalproductionofburritoswillincreaseby
a.50.
b.100.
c.150.
d.300.
148.RefertoFigure3-14.AtwhichofthefollowingpriceswouldbothArturoandDinagainfromtradewitheachother?
a.12burritosfor21tacos
b.12burritosfor27tacos
c.12burritosfor36tacos
d.ArturoandDinacouldnotbothgainfromtradewitheachotheratanyprice.
149.RefertoFigure3-14.ArturoandDinawouldnotbeabletogainfromtradeifDina’sopportunitycostofonetacochangedto
a.1/2burrito.
b.3/4burrito.
c.4/3burritos.
d.2burritos.
150.RefertoFigure3-14.Withouttrade,Arturoproducedandconsumed240tacosand120burritosandDinaproducedandconsumed100tacosand150burritos.Then,eachpersonagreedtospecializeintheproductionofthegoodinwhichtheyhaveacomparativeadvantageandtrade260tacosfor156burritos.Asaresult,Arturogained
a.20tacosand24burritosandDinagained40tacosand6burritos.
b.20tacosand36burritosandDinagained160tacosand6burritos.
c.260tacosand144burritosandDinagained140tacosand156burritos.
d.260tacosand156burritosandDinagained260tacosand156burritos.
Figure3-15
Perry’sProductionPossibilitiesFrontierJordan’sProductionPossibilitiesFrontier