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22 October, 13:22

Assume that the farmer and the rancher each has 24 labor hours available. if each person spends all his time producing the good in which he has a comparative advantage, then total production is

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  1. 22 October, 14:17
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    I guess the correct answer is 6 pounds of meat and 4.5 pounds of potatoes

    If each person divides his time equally between the production of meat and potatoes, then total production is 6 pounds of meat and 4.5 pounds of potatoes.
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