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Sublight2097 Sublight2097
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7 years ago
Suppose Ann can produce 8 units of a material good (M) or 4 units of a spiritual good (S) in a day, while Ben can produce only 3 Ms or 3 Ss in a day. Both Ben and Ann can potentially produce a larger combination of M and S if
A) Ann produces both M and S and Ben produces neither.
B) Ann specializes in M and Ben specializes in S and neither of them trade.
C) Ann specializes in S and Ben specializes in M and they exchange with one another.
D) Ann specializes in M and Ben specializes in S and they exchange with one another.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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Chimelo46Chimelo46
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Sublight2097 Author
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#2
7 years ago
Another one in the books, marking it solved.
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#3
7 years ago
Happy to assist!
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