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Exhibit 1-3 -Refer to Exhibit 1-3. Suppose John and Jack Can Produce

Question 22

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Exhibit 1-3 Exhibit 1-3 -Refer to Exhibit 1-3. Suppose John and Jack can produce the above combinations of candy bars and ice cream bars in one hour. John and Jack can maximize their total production if A) both produce candy bars. B) both produce ice cream bars. C) John produces both candy bars and ice cream bars, while Jack produces nothing. D) Jack produces both candy bars and ice cream bars, while John produces nothing. E) each of them produces what he has a comparative advantage in producing.
-Refer to Exhibit 1-3. Suppose John and Jack can produce the above combinations of candy bars and ice cream bars in one hour. John and Jack can maximize their total production if


A) both produce candy bars.
B) both produce ice cream bars.
C) John produces both candy bars and ice cream bars, while Jack produces nothing.
D) Jack produces both candy bars and ice cream bars, while John produces nothing.
E) each of them produces what he has a comparative advantage in producing.

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