(Figure: Clothing and Food I) Suppose the food industry is using 3 units of capital and 5 units of labor as inputs, while the clothing industry is using 2 units of capital and 3 units of labor as inputs. The economy's output of food is units and the output of clothing is units. Capital inputs for food- B 0 7 1 Labor inputs for clothing 6 5 4 3 2 Q-100 Qc=40 2 3 4 5 Labor inputs for food- O less than 100; less than 40 O greater than 100; greater than 40 O less than 100; greater than 40 O greater than 100; less than 40 6 0 7 8 Capital inputs for clothing

(Figure: Clothing and Food I) Suppose the food industry is using 3 units of capital and 5 units of labor as inputs, while the clothing industry is using 2 units of capital and 3 units of labor as inputs. The economy's output of food is units and the output of clothing is units. Capital inputs for food- B 0 7 1 Labor inputs for clothing 6 5 4 3 2 Q-100 Qc=40 2 3 4 5 Labor inputs for food- O less than 100; less than 40 O greater than 100; greater than 40 O less than 100; greater than 40 O greater than 100; less than 40 6 0 7 8 Capital inputs for clothing

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
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help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working