Countrys maximum consumption of lattes-pizzas per day

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Reference no: EM13742776

"Suppose that a worker in Larztopia can produce either 8 lattes or 2 pizzas per day, while a worker in Whiteland can produce 4 lattes or 8 pizzas per day. Each nation has 100 workers. Also suppose that each country completely specializes in producing the good in which it has a comparative advantage. If Larztopia trades 150 lattes to Whiteland in exchange for 150 pizzas each day, then each country's maximum consumption of lattes and pizzas per day will be"

a. 150 lattes, and 650 pizzas in Larztopia, and 650 lattes and 150 pizzas in Whiteland

b. 650 lattes, and 150 pizzas in Larztopia, and 150 lattes and 650 pizzas in Whiteland

c. 400 lattes, and 150 pizzas in Larztopia, and 150 lattes and 400 pizzas in Whiteland

d. 650 lattes, and 150 pizzas in Larztopia, and 150 lattes and 800 pizzas in Whiteland

Reference no: EM13742776

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