5. Suppose Tina and Julia can produce brownies and romantic poems (which can be combined to make...

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5. Suppose Tina and Julia can produce brownies and romantic poems (which can be combined to make a lovely gift) in the following combinations in a given week:

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a. If Tina and Julia are each currently producing 2 poems per week, how many brownies are they producing? What is the total production of brownies and poems between them?

b. Is there a possibility for increasing production?
Why or why not?

c. Suppose Julia completely specializes in producing poems and Tina completely specializes in producing brownies. What will be their total production of brownies and poems?

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Principles Of Microeconomics

ISBN: 9784492370292

6th Edition

Authors: John B. Taylor, Akila Weerapana

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