If the hourly wage rate is 25 and the price of cloth is 250


Consider again that a country with competitive markets for goods and resources operates under autarky. If the hourly wage rate is $25, and the price of cloth is $2.50 per yard. What is the labor unit requirement associated with cloth? Explain.

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Business Management: If the hourly wage rate is 25 and the price of cloth is 250
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