Refer to the data provided in Table 10.1 below to answer the following question(s). 
 Table 10.1 Refer to Table 10.1. The maximum payment to labor per day that this profit-maximizing T-shirt manufacturer would be willing to pay to hire three workers per day is

What does it mean when a "free lunch" is available? Relate your answer to the production possibilities frontier

What will be an ideal response?

Assume that a British investor buys a one-year U.S. Treasury bill that pays 6 percent annual interest. Given a yield of 4 percent on a comparable British Treasury bill, the U.S. dollar must depreciate 2 percent against the British pound during the year for interest rate parity to hold

a. True b. False Indicate whether the statement is true or false