In one day, Brandon can either plow 10 acres or plant 20 acres. In one day, Christopher can either plow 14 acres or plant 14 acres. Brandon and Christopher can
A) gain from exchange if Brandon specializes in planting and Christopher specializes in plowing.
B) gain from exchange if Brandon specializes in plowing and Christopher specializes in planting.
C) exchange, but only Brandon will gain from the exchange.
D) exchange, but only Christopher will gain from the exchange.
A
Economics
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The formula for the growth rate of multifactor productivity is
A) a = y + bk + (1 - b)n. B) y = a + bk + bn. C) a = y - bk - (1 - b)n. D) y = a - b/k(1 - b)n.
Economics
A business incurs the following costs per unit: Labor - $125/unit; Materials $45/unit and rent - $25000/month. If the firm produces 1,000,00 . units a month, the total costs equal
a. $125,250,000 b. $170,250,000 c. $125,050,000 d. $170,050,000
Economics