Principles Of Microeconomics
7th Edition
ISBN: 9781260111088
Author: Robert H. Frank, Ben Bernanke, Kate Antonovics, Ori Heffetz
Publisher: McGraw-Hill Education
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Chapter 2, Problem 2.1CC
Should Meg update her own web page?
Consider a small community in which Meg Is the only professional bicycle mechanic and Pat is the only professional web designer. If their productivity rates at the two tasks are as shown in the table, and if each regards the two tasks as equally pleasant (or unpleasant), does the fact that Meg can update a web page faster than Pat imply that Meg should update her own web page?
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Scott and Cindy both produce only pizza and tacos. In one hour, Cindy can produce 20 pizzas or 40 tacos. In one hour, Scott can produce 40 pizzas or 50 tacos. Based on this information, the person specializing in the production of tacos is willing to sell 10 tacos in return for at least pizzas and the other person is willing to pay no more than pizzas for the 10 tacos. Enter numerical values, rounding to two decimal places, and do not enter fractions. For example, enter 23.00 or 43.12.
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Principles Of Microeconomics
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