Refer to Table 9-12. Prior to trade, what was the opportunity cost to produce 1 belt in Estonia?

Tammy sells woolen hats in a perfectly competitive market. The marginal cost of producing 1 hat is $24. The marginal cost of producing a second hat is $26 and the marginal cost of producing a third hat is $28. The market price of a hat is $26

To maximize profit, Tammy produces ________ per day. A) 1 hat B) 3 hats C) 2 hats D) as many hats as possible

The Bretton Woods Conference:

a. established a system of fixed exchange rates. b. established a system of flexible exchange rates. c. established a dirty float exchange rate system. d. did none of the above.