Suppose that James and Todd are able to mine the following goods: James Todd Gravel 4...

Transcribed Image Text:

Suppose that James and Todd are able to mine the following goods: James Todd Gravel 4 hours per cubic yard of gravel 5 hours per cubic yard of gravel Sand 5 hours per ton of sand 10 hours per ton of sand James and Todd would mutually benefit from trading their output at which of the following prices? O A. 0.25 cubic yards of gravel per ton of sand OB. 0.66 cubic yards of gravel per ton of sand OC. 1 cubic yards of gravel per ton of sand OD. 1.33 cubic yards of gravel per ton of sand Suppose that James and Todd are able to mine the following goods: James Todd Gravel 4 hours per cubic yard of gravel 5 hours per cubic yard of gravel Sand 5 hours per ton of sand 10 hours per ton of sand James and Todd would mutually benefit from trading their output at which of the following prices? O A. 0.25 cubic yards of gravel per ton of sand OB. 0.66 cubic yards of gravel per ton of sand OC. 1 cubic yards of gravel per ton of sand OD. 1.33 cubic yards of gravel per ton of sand

Answer rating: 100% (QA)

The detailed answer for the above question is provided below D 133 cubic yards of gravel per ... View the full answer