Economic questions
Please answer the questions according to the provided form.
If Pc/Pt = 2/3 (so chairs sell at 2/3 the price of tables), how many chairs and tables will Samantha produce?
At what price ratio (Pc/Pt) will Samantha be indifferent between producing chairs and tables?
If Pc/Pt = 1/4 (so chairs sell at 1/4 the price of tables), how many chairs and tables will Greg produce?
If Pc/Pt< 1/4, how many chairs and tables will Greg produce?
If Pc/Pt< 1/4, how many chairs and tables will Samantha produce?
Consequently, if Pc/Pt< 1/4, how many chairs and tables will society produce?
All of questions are shown in the file.