In an Israeli factory, each worker can produce 2/5 of a shirt in an hour or 1/4 of a pair of pants in an hour. If there are 500 workers in the factory, then the maximum number of pairs of pants that can be made in an hour is
a. 120
b. 250
c. 75
d. 350
e. 300
B
Economics
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One reason why soda companies are so fervently against this tax might be because they assume sellers will pay the entire tax. Sellers will pay the entire tax if
A) demand is perfectly inelastic. B) the price elasticity of demand is between zero and 1. C) demand is unit elastic. D) demand is perfectly elastic.
Economics
When did NAFTA go into effect?
What will be an ideal response?
Economics