A point outside the production possibilities curve PPC:
a. represents inefficient use of resources.
b. represents the prevalence of unemployment.
c. is attainable if all resources are used efficiently.
d. represents more resources than are currently available.
e. will never be attainable, even if the quantity of resources increases.
Question 2
Which of the following demonstrates marginal thinking?
a. Deciding to never eat meat.
b. Deciding to spend one more hour studying economics tonight because you think the improvement on your next text will be large enough to make it worthwhile to you.
c. Deciding to go to a Sociology class that you usually skip because there is a guest lecturer you are really interested in hearing that day.
d. Both b. and c. demonstrate marginal thinking.
Rule of Nines. A method for determining percentage of body burned. Each different colored section re
Bell Curve for Intelligence IQ scores for a population-based sample usually fall into this kind of
Resources for Nutrition Facts
A typical ECT sensor temperature versus voltage curve.
Conventional oil reserves have passed peak production
A Production Function with Diminishing Marginal Product of Capital