Tom takes 20 minutes to cook an egg and 5 minutes to make a sandwich. Jerry takes 15 minutes to cook an egg and 3 minutes to make a sandwich. If Tom and Jerry trade
A) Tom will benefit and Jerry will not.
B) Jerry will benefit and Tom will not.
C) both will benefit.
D) none of them will benefit.
C
Economics
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Refer to the figure above. In equilibrium, this country produces at point
A) B. B) C. C) D. D) E.
Economics
Which of the following is a characteristic of a perfectly competitive market?
A. a large number of firms in a market B. selling a standardized product C. no barriers to entry D. All of these
Economics