An Economy Consists of Five Workers, Who Can Produce Either

question 19

Essay

An economy consists of five workers, who can produce either fish or fruit.The following table shows the daily output of each worker. (a) Suppose one worker catches fish and four workers pick fruit.For the economy to achieve productive efficiency, which of the five workers must fish?
(b) Does the economy achieve full employment and productive efficiency by producing 26 fish and 20 fruit?

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Definitions:

Organizational Reputation

The public perception of a company or institution, influenced by its actions, policies, and achievements.

Electronic Communication

The transmission of information using electronic systems or devices such as email, social media, or text messaging.

Liabilities

Financial obligations or debts that an individual or organization is legally responsible for.

Positive Discipline

A method of teaching and reinforcing desirable behaviors in employees while minimizing negative or punitive measures.