More difficult) Assume our standard model. Both Andreas and Katya have 5 hours. In an hour, Andreas can knit 5 scarves or 4 hats. In an hour, Katya can knit 6 scarves or 6 hats. If they are efficiently producing 37 scarves, how many hats are they making?
More difficult) Assume our standard model. Both Andreas and Katya have 5 hours. In an hour, Andreas can knit 5 scarves or 4 hats. In an hour, Katya can knit 6 scarves or 6 hats. If they are efficiently producing 37 scarves, how many hats are they making?
Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter2: Thinking Like An Economist
Section: Chapter Questions
Problem 1PA
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(More difficult) Assume our standard model. Both Andreas and Katya have 5 hours. In an hour, Andreas can knit 5 scarves or 4 hats. In an hour, Katya can knit 6 scarves or 6 hats. If they are efficiently producing 37 scarves, how many hats are they making?
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