economic questions 11

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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.

 
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