i need Q25 solution Question 24 Refer to Table 1-1 Now that the countries have opened trade, would each country agree to a trade of 11 units of cheese (from Derryland to Whetonia) for 3.5 units of...

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Question 24

Refer to
Table 1-1

Now that the countries have opened trade, would each country agree to a trade of 11 units of cheese (from Derryland to Whetonia) for 3.5 units of bread (from Whetonia to Derryland)?

Group of answer choices

Both countries would agree to this trade.

Derryland would agree, but Whetonia would not.

Whetonia would agree, but Derryland would not.

Neither country would agree to this trade.

Question 25

In question 24, Derryland will have 29 units of cheese and 3.5 units of bread after trading with Whetoria. Where is this combination of goods in relation to Derryland's PPF?

Group of answer choices

It is a point on Derryland's PPF.

It is outside of Derryland's PPF.

It is inside Derryland's PPF

Assume that Derryland and Whetonia can switch between producing cheese and<br>producing bread at a constant rate.<br>Table 1-1<br>Labor Hours Needed to Make Number of Units Produced in 40<br>1 Unit of<br>Hours<br>Cheese<br>Bread<br>Cheese<br>Bread<br>Derryland<br>1<br>4<br>40<br>10<br>Whetonia<br>8<br>20<br>

Extracted text: Assume that Derryland and Whetonia can switch between producing cheese and producing bread at a constant rate. Table 1-1 Labor Hours Needed to Make Number of Units Produced in 40 1 Unit of Hours Cheese Bread Cheese Bread Derryland 1 4 40 10 Whetonia 8 20

Jun 07, 2022

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i need Q25 solution Question 24 Refer to Table 1-1 Now that the countries have opened trade, would each country agree to a trade of 11 units of cheese (from Derryland to Whetonia) for 3.5 units of...

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