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Author Question: If dairy farmers use automatic milking machines instead of milking by hand, which economic question ... (Read 44 times)

lb_gilbert

  • Hero Member
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  • Posts: 588
on: Jul 1, 2018
If dairy farmers use automatic milking machines instead of milking by hand, which economic question does their decision answer?
 a. What to produce?
  b. How to produce?
  c. For whom to produce?
  d. Who has a comparative advantage in milking?
  e. What is the price of milk?

Question 2

Which economic question does the decision to produce butter instead of guns answer?
 a. What to produce?
  b. How to produce?
  c. For whom to produce?
  d. Who has a comparative advantage in gun production?
  e. Who has an absolute advantage in butter production?


sokh

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

A


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