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Exam 2 - Requires Respondus LockDown Browser + Webcam Started: Mar 22 at 3:10pm Spacer Quiz Instructions Question 1 Question 2 Question 3 D Question 18 7 pts Question 4 Question 5 Question 6 Suppose Herm Edwards hires landscapers to help him pull weeds in his backyard because he determines that his time is too Question 7 valuable to spend doing landscaping. This situation demonstrates the concept of... Time Running: His Attempt dun: Mar 22 at 11:59pen decreasing returns to scale 1 Hour, 11 Minutes, 59 Se constant returns to scale diminishing marginal return O comparative advantage absolute advantage * Previous Next Not saved Submit QuizExam 2 - Requires Respondus LockDown Browser Started: Mar 22 at 3:10pm D Spacer Quiz Instructions Question 1 @ Question 2 Question 3 D Question 17 7 pts Question 4 Question 5 question 6 Suppose Country A and Country B can produce either coffee or tea. The opportunity cost for Country A to produce one unit of @ Question 7 coffee is 25 units of tea, and the opportunity cost for Country B to produce one unit of coffee is 19 units of tea. Based on the Information given, which of the following statements is true about specialization based on comparative advantage? Time Running: Hide Attempt dun: Mar 22 at 1 1 Hour, 12 Minutes, Both Country A and Country B should specialize in the production of tea. Country A should specialize in the production of coffee, and Country B should specialize in the production of tea. Both Country A and Country B should specialize in the production of coffee. O Country A should specialize in the production of tea, and Country B should specialize in the production of coffee. Neither Country A nor Country B should produce any coffee or tea. Previous Next Not saved Submit QuizExam 2 - Requires Respondus LockDown browaci Started Mar 22 at 3:10pm Spacer Quiz Instructions Question 1 Question 2 Question 3 Question 4 D Question 16 7 pts Question 5 Question 6 Angela has ten hours to work, and can produce cookies or brownies. The slope of her production possibility frontier, where Question 7 cookies are on the x-axis and brownies are on the y-axis, is -2. What is Angela's opportunity cost of making brownies? Time Running: Wide Attempt dutt: Mer 22 at 1 10 1 Hour, 12 Minutes, Not enough information 0 1/2 02 05 Previous Nexte Not saved Submit Quiz