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
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.
