specialization and trade, Microeconomics

Assignment Help:
• If Mary uses all her resources to produce hats, she can produce 48 hats an hour.
• If she uses all her resources to produce apple pies, she can make 24 apple pies an hour.

how many minutes does it take for her to produce 1 item

Related Discussions:- specialization and trade

What is hyper inflation, What is hyper inflation? How it can be reduced?  ...

What is hyper inflation? How it can be reduced?   Hyper inflation means that prices of the consumable goods are very high. Prices can be decreased by supplying more goods in th

Herfendahl index, #qu3. An industry is composed of 20 firms, all with equal...

#qu3. An industry is composed of 20 firms, all with equal sales. The Herfendahl Index ratio in this industry is a. 1000 b. 500 c. 800 d. This cannot be determined from the informat

Pure competition and efficiency, Allocative efficiency criteria are satisfi...

Allocative efficiency criteria are satisfied by the competitive model.  Because P = MC, in each market in the economy there is no over- or under- allocation of resources in this ec

A period of deterioration, A Period of Deterioration: The entire perio...

A Period of Deterioration: The entire period was very difficult for India's BOP, partly because of slow growth of exports in relation to import requirements and partly because

Formal and informal systems - mrp system, Formal and Informal systems  - M...

Formal and Informal systems  - MRP System Most production systems are full of 'pushes' and 'pulls'. The formal system issues orders, ie 'pushes'. The informal system tries to

Miroeconomics, when the demand function is 2Q-24+3P=0,find the marginal rev...

when the demand function is 2Q-24+3P=0,find the marginal revenue when Q=3.

Economic reforms and infrastructure growth, Economic Reforms and Infrastruc...

Economic Reforms and Infrastructure Growth Infrastructure data for the pre-reform period (1980-81 to 1990-91) is with1980-81 as base year and for post-reform period (1993-94 t

Markets, under which market structure does the banking sector fall?

under which market structure does the banking sector fall?

Strengthening the financial instruments, Strengthening the Financial Instru...

Strengthening the Financial Instruments - rationale in era of globalisation: With this in view, following suggestions can be made: i) Finance must be conditioned on a poli

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd