Figure $3-2$

Refer to Figure $3-2.$ If the production possibilities frontier shown is for $24$ hours of production, then how long does it take Brazil to make one pound of peanuts?

a$.\frac{1}{10}$ hour

b$.1/3$ hour

c$.3$ hours

d$.10$ hours

Figure $6-2$

Refer to Figure $6-2.$ The price ceiling

a$.$ causes a shortage of $60$ units of the good.

b$.$ makes it necessary for sellers to ration the good using a mechanism other than price.

c$.$ is not binding because it is set below the equilibrium price.

d$.$ causes a shortage of $30$ units of the good.