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Claire and Don are farmers who produce beef and corn. In a​ year, Claire can produce...

Claire and Don are farmers who produce beef and corn.

In a​ year, Claire can produce 20 tons of beef or 40 bushels of corn.

In a​ year, Don can produce 10 tons of beef or 30 bushels of corn..

To maximize their total output of beef and corn​ _______

F.Claire and Don each spend half of their time producing beef and the other half producing corn

F. Claire produces beef and Don produces corn

G. Don produces beef and corn while Claire produces nothing  

H. Don produces beef and Claire produces corn

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Answer #1

Answer :

Claire can produce 20 tons of beef or 40 bushels of corn

Opportunity cost for producing 1 ton of beef for Claire = (40 / 20) bushels of corn = 2 bushels of corn

Don can produce 10 tons of beef or 30 bushels of corn

Opportunity cost for producing 1 ton of beef for Don = (30 / 10) bushels of corn = 3 bushels of corn (greater than that for Claire)

Claire has a comparitive advantage in producing beefs, thus Don has a comparitive advantage in producing corn. Thus Claire should produce beef and Don should produce corn.

Answer : To maximize their total output of beef and corn Claire produces beef and Don produces corn

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