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Q23 0.125 Points Josel's PPF is defined by 12 = 6@w + 4Qc where @w is bushels of wheat and Qo is bushels of corn. Outside merchants buy and sell corn and wheat at prices Po = $2 and Pw = $6, respectively. Suppose that Josel wants to consume as much wheat and corn as possible provided that he consumes an equal amount of wheat and corn. How much wheat and corn does he consume? O A. Co = CW = 5. O B. Cc = CW = 6. O c. Co = CW = 3. O D. Co = CW = 4. O E. None of the above. Save Answer Q24 0.125 Points Kayla's PPF is defined by 10 = 2Qw + Qc where Qw is bushels of wheat and Qo is bushels of corn. Josel's PPF is defined by 12 = 3Qw + 4Qc. Suppose that Kayla and Josel are part of the same team (i.e., a joint PPF). On the joint PPF, who should be the first to produce efficiently corn? O A. Josel. O B. Kayla. O C. Either Josel or Kayla. O D. Not enough information. O E. None of the above.Q25 0.125 Points Kayla's PPF is defined by 10 = 2Qw + Qc where @w is bushels of wheat and Qo is bushels of corn. Josel's PPF is defined by 12 = 3@w + 4@c. Suppose that Kayla and Josel are part of the same team (i.e., a joint PPF) and they trade with outside merchants (i.e., Josel and Kayla do not trade with each other). The terms of trade are 2 bushels of wheat in exchange for 3 bushels of corn. Kayla wants to consume the amount of corn she produces. Josel wants to consume 2 bushels of wheat and then as much corn as possible. If Kayla and Josel maximizes the value of production, it must be that_ O A. Kayla consumes 10 bushels of corn. O B. Josel consumes 3 bushels of corn. O C. Total consumption (Kayla + Josel) is 13 bushels of corn and 2 bushels of wheat. O D. Statements A, B, and C are correct. O E. None of the above. Save Answer Q26 0.125 Points Kayla's PPF is defined by 10 = 2Qw + Qc where Qw is bushels of wheat and Qc is bushels of corn. Josel's PPF is defined by 12 = 3@w + 4Qc. Suppose that Kayla and Josel are no longer part of the same team. They now trade with each other (i.e., no outside merchants)._Then, trade between Josel and Kayla (no outside merchants) is mutually beneficial when OAS