4. Refer to Table 3-2. Assume that England and France each has 10 labor hours available. If each country divides its time equally between the production of cheese and wine, then total production is a. 10 units of cheese and 6 units of wine. b. 6 units of cheese and 3.75 units of wine. c. 10 units of cheese and 3.75 units of wine. d. 6 units of cheese and 10 units of wine.

4. Refer to Table 3-2. Assume that England and France each has 10 labor hours available. If each country divides its time equally between the production of cheese and wine, then total production is a. 10 units of cheese and 6 units of wine. b. 6 units of cheese and 3.75 units of wine. c. 10 units of cheese and 3.75 units of wine. d. 6 units of cheese and 10 units of wine.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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