up
 

 

Equations:

(1) LB  =   b QB LABOR needed for BAKING QB loaves of BREAD.
(2) LC     c QC LABOR needed for WEAVING QC yards of CLOTH.
(3) L =  LB  +  LC Sum of LABOR needed for BAKING and WEAVING
cannot exceed available LABOR.
(4) KB  =   d QB CAPITAL needed for BAKING QB loaves of BREAD.
(5) KC     e QC CAPITAL  needed for WEAVING QC yards of CLOTH.
(6) K KB  +  KC Sum of CAPITAL needed for BAKING and WEAVING
cannot exceed available
CAPITAL.

 

 

 

 

 

 

 

OK Economics was designed and it is maintained by Oldrich Kyn.
To send me a message, please use one of the following addresses:

okyn@bu.edu --- okyn@verizon.net

This website contains the following sections:

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Money and Banking:

http://econc10.bu.edu/Ec341_money/ec341_frame.htm

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