The table given below shows the number of umbrellas and bushels of corn produced in the United Kingdom and the Rest of the World per labor hour. If the U.K. and the Rest of the World begin to trade with each other, the international price of corn will lie between _____ and _____. Productivity In the United Kingdom In the Rest of the World Umbrellas per labor hour 0.25 1 Bushels of corn per labor hour 0.5 0.67
A.
2/3 of an umbrella per bushel of corn; 3 umbrellas per bushel of corn
B.
2/3 of an umbrella per bushel of corn; 3/2 umbrellas per bushel of corn
C.
1/2 of an umbrella per bushel of corn; 3/2 of an umbrella per bushel of corn
D.
3/2 umbrellas per bushel of corn; 3 umbrellas per bushel of corn