Why is the price of apple is equal to cherries, Microeconomics

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Why is the price of apple is equal to cherries

"For you and your neighbour to specialise and trade, it must be that the price at which you or your neighbours sells the product is higher than its opportunity cost. Suppose the price of apples is 1 apple = p cherries." why is the price of apples = p cherries? isn't p = price?

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Microeconomics: Why is the price of apple is equal to cherries

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Q : Why is the price of apple is equal to cherries

The product is higher than its opportunity cost. Suppose the price of apples is 1 apple = p cherries." why is the price of apples = p cherries? isn't p = price?

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Request for Solution File

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Microeconomics: Why is the price of apple is equal to cherries

Reference No:- TGS049450

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Find the bond yield to maturity

Q : Discuss the role of central bank

Q : Roles of various financial institutions

Q : Opportunity cost of the purchase of land

Q : Why is the price of apple is equal to cherries

Q : Discuss various transfer pricing scenarios

Q : Describe and the regulatory system in the united states

Q : Exit valuation and the probability of success

Q : Yield curve-upward sloping-bond nsf

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Why is the price of apple is equal to cherries

Reference No:- TGS049450

Recent Questions Asked Microeconomics

Q : Find the bond yield to maturity

Q : Discuss the role of central bank

Q : Roles of various financial institutions

Q : Opportunity cost of the purchase of land

Q : Why is the price of apple is equal to cherries

Q : Discuss various transfer pricing scenarios

Q : Describe and the regulatory system in the united states

Q : Exit valuation and the probability of success

Q : Yield curve-upward sloping-bond nsf

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