Figure 3-3 Bob's Production Possibilities Frontier Enid's Production Possibilities Frontier 300 00G Aoo 109 0 200...

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Figure 3-3 Bobs Production Possibilities Frontier Enids Production Possibilities Frontier 300 00G Aoo 109 0 200 350 300 350 400 a 8 Refer to Figure 33 a) Bobs opportunity cost of one burrito is 1 33 tacos and Enids opportunity cost of one burrito is b) If Bob and Enid each divide their time equally between the production of tacos and burritos, then total production is 2 50 burrios and 400 ac c) If Bob and Enid decide to completely specialize in the good for which they have a comparative advantage then total production is 300 burrios and 400. tacos d) Bob and Enid can both gain from trade so long as the price of one taco is between and burritos.

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Figure 3-3 Bob's Production Possibilities Frontier Enid's Production Possibilities Frontier 300 00G Aoo 109 0 200...

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