Microeconomic Theory
12th Edition
ISBN: 9781337517942
Author: NICHOLSON
Publisher: Cengage
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Question
Chapter 13, Problem 13.2P
a
To determine
To know:
Price ratio of good x and y.
b)
To determine
To prove:
c)
To determine
To find:
Labor allocation between x and y.
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It would be inefficient but possible for this economy to produce?
100
1dryers
90
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70
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60
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40
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20
10
10 20 30 40 50 60 70 80 washers
O 90 dryers and 20 washers.
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O 60 dryers and 20 washers.
ignore what i put and find the correct answer
A foreign country to which we export but from which we do not import would _____ according the Circular Flow Diagram? • Sell and Buy (or Rent). • Does not sell nor buys. • Sell, but does not buy. • Buys, but does not sell.
Chapter 13 Solutions
Microeconomic Theory
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