« previous next »

Author Question: If dairy farmers use automatic milking machines instead of milking by hand, which economic question ... (Read 84 times)

lb_gilbert

  • Hero Member
  • *****
  • 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

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

How to plot a sine function containing an amplitude and phase-shift (Question 2 of 3) How to plot a sine function containing an amplitude and phase-shift (Question 2 of 3)
How to set up and solve linear models (Question 3) How to set up and solve linear models (Question 3)
How to solve a trigonometric problem involving two right triangles (Question 1) How to solve a trigonometric problem involving two right triangles (Question 1)
Economics question Economics question
economic question economic question
homework question homework question
Video: Secondary Active Transport

For a complete list of videos, visit our video library