Question

If Chile and Colombia switch from each country dividing its time equally between the production of coffee and soybeans to each country spending all of its time producing the good in which it has a comparative advantage, then total production of soybeans will increase by

Answer 1

Answer:

The production will increase by 3 pounds.

Explanation:

Attached graphs for missing information

If they divide their time equally. Each country will spend half of the recsources on each product thus, making half of each

Then Chile will produce:

12 soybeams x 50%  = 6

and Colombia 6 soybeams x 50% = 3

For a total of 9 pounds of soybeams

While if they produce only the resource they have competitive advantage, only Chile will produce it giving a total of 12 soybeams

The production will increase by 3 pounds.