A dressmaker can sew 800 garments with 160 bolts of fabric and 3,000 hours of labor. Another

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A dressmaker can sew 800 garments with 160 bolts of fabric and 3,000 hours of labor. Another dressmaker can sew 800 garments with 200 bolts of fabric and 2,000 hours of identical labor. Fabric costs $80 a bolt and labor costs $10 an hour.

a. Is it possible for both methods to be technically efficient?

Why or why not?

b. Is it possible for both methods to be economically efficient?

Why or why not?

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Microeconomics

ISBN: 9781260507140

11th Edition

Authors: David Colander

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Question Posted: Mar 14, 2024 04:01 AM

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A dressmaker can sew 800 garments with 160 bolts of fabric and 3,000 hours of labor. Another

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Microeconomics

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