400 500 Wonderland produces and consumes two goods, pumpkins and sweet potatoes, by using two inputs, labor and capital. The production possibilities frontier of Wonderland is shown above. Which of the following combinations of pumpkins and sweet potatoes is NOT a combination which is "definitely better than the autarky consumption combination (A)"? 300 units of pumpkins and 200 units of sweet potatoes O100 units of pumpkins and 500 units of sweet potatoes O 300 units of pumpkins and 300 units of sweet potatoes 200 units of pumpkins and 300 units of sweet potatoes

400 500 Wonderland produces and consumes two goods, pumpkins and sweet potatoes, by using two inputs, labor and capital. The production possibilities frontier of Wonderland is shown above. Which of the following combinations of pumpkins and sweet potatoes is NOT a combination which is "definitely better than the autarky consumption combination (A)"? 300 units of pumpkins and 200 units of sweet potatoes O100 units of pumpkins and 500 units of sweet potatoes O 300 units of pumpkins and 300 units of sweet potatoes 200 units of pumpkins and 300 units of sweet potatoes

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter13: General Equilibrium And Welfare

Section: Chapter Questions

Problem 13.4P

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