Suppose that a worker in Tableland can produce either 4 tables or 1 chair per year, and a worker in Chairland can produce either 2 tables or 4 chairs per year. Each nation has 100 workers. Also suppose that each country completely specializes in producing the good in which it has a comparative advantage. If Tableland trades 100 tables to Chairland in exchange for 100 chairs each year, then each country's maximum consumption of tables and chairs per year will be (Hint: Draw the PPFs)

What is credit and debit in accounting

Demand increases by less than supply increases. as a result, (a) equilibrium price will decline and equilibrium quantity will rise. (b) both equilibrium price and quantity will decline. (c) both equilibrium price and quantity will rise

Acompany manufactures x units of product a and y units of product b, on two machines, i and ii. it has been determined that the company will realize a profit of $3 on each unit of product a and $4 on each unit of product b. to manufacture a unit of product a requires 7 min on machine i and 5 min on machine ii. to manufacture a unit of product b requires 8 min on mchine i and 5 min on machine ii. there are 175 min available on machine i and 125 min available on machine ii in each work shift. how many units of a product should be produced in each shift to maximize the company's profit p?