Calvin and hobbes run a company that sells wallet chains and wallet decals. calvin is faster at making decals than chains, and hobbes is faster at making chains than decals. which statements accurately describe the situation? (a) company output will be maximized if calvin makes all the decals and hobbes makes all the chains.(b) calvin has a comparative advantage for making decals. (c) hobbes has a higher opportunity cost for making decals than calvin.(d) company output will be maximized if calvin and hobbes both divide their time equally between making decals and making chains.

Feedback systems do not always involve negative feedback. economic inflation, which is evidenced by continually rising prices, is a positive feedback system. a positive feedback control system, as shown on the right, adds the feedback signal to the input signal, and the resulting signal is used as the input to the process. a simple model of the price-wage inflationary spiral is shown on the right. add additional feedback loops, such as legislative control or control of the tax rate, to stabilize the system. it is assumed that an increase in workers’ salaries, after some time delay, results an increase in prices. under what conditions could prices be stabilized by falsifying or delaying the availability of cost-ofliving data? how would a national wage and price economic guideline program affect the feedback system?