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Author Question: In one day, Brandon can either plow 10 acres or plant 20 acres. In one day, Christopher can either ... (Read 68 times)

kamilo84

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on: Jun 29, 2018
In one day, Brandon can either plow 10 acres or plant 20 acres. In one day, Christopher can either plow 14 acres or plant 14 acres. Brandon and Christopher can
 
  A) gain from exchange if Brandon specializes in planting and Christopher specializes in plowing.
  B) gain from exchange if Brandon specializes in plowing and Christopher specializes in planting.
  C) exchange, but only Brandon will gain from the exchange.
  D) exchange, but only Christopher will gain from the exchange.

Question 2

The table gives some data on the supply of roses in a small town. When the price rises from 15 a dozen to 25 a dozen, the elasticity of supply is ________.
 
  A) 1.25
  B) 5.00
  C) 0.20
  D) 0.80


kingdude89

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


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