If Bonnie can produce either 20 hats or 10 scarves in a month, and Phil can produce either 5 hats or 10 scarves in a month, then
A) Bonnie is more efficient at producing hats, compared to Phil.
B) Bonnie is equally efficient at producing scarves, compared to Phil.
C) both A and B above are true.
D) none of the above are true.
A
Economics
You might also like to view...
Under a principal/agent relationship, the agent faces high costs of determining whether the principal is actually making efforts to the extent the agent expects
Indicate whether the statement is true or false
Economics
The interest rate the Fed charges on loans it makes to banks is called
a. the prime rate. b. the federal funds rate. c. the discount rate. d. the LIBOR.
Economics