This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Refer to Scenario 16.3. What is Sam's marginal rate of substitution of tee shirts for candy at the ... (Read 24 times)

2125004343

  • Hero Member
  • *****
  • Posts: 566
on: Jul 1, 2018
Refer to Scenario 16.3. What is Sam's marginal rate of substitution of tee shirts for candy at the current distribution?
 
  A) 2.
  B) 7/5.
  C) 5/7.
  D) It is impossible to determine without the prices of each commodity.

Question 2

Given the data in Scenario 14.3, how much labor should the firm employ if labor costs 30 a unit?
 
  A) 3 units of labor
  B) 4 units of labor
  C) 5 units of labor
  D) 6 units of labor
  E) 7 units of labor


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cloud

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

B


2125004343

  • Member
  • Posts: 566
Reply 2 on: Jul 1, 2018
Wow, this really help

dawsa925

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

For this bimolecular reaction, the rate constant k is second order For this bimolecular reaction, the rate constant k is second order
Population growth rate % Population growth rate %
Relationship between Income Inequality and the Desired Tax Rate Relationship between Income Inequality and the Desired Tax Rate
Effect of Increasing the Investment Rate on the Steady State Effect of Increasing the Investment Rate on the Steady State
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Kungs - Candy (feat. Jasmine Thompson) Kungs - Candy (feat. Jasmine Thompson)
Video: Blood Pressure Measurement

For a complete list of videos, visit our video library