« previous next »

Author Question: In constructing a production possibilities curve, all of the following are assumed EXCEPT A) ... (Read 126 times)

mia

  • Hero Member
  • *****
  • Posts: 564
on: Jun 29, 2018
In constructing a production possibilities curve, all of the following are assumed EXCEPT
 
  A) resources are fully employed.
  B) the quantity and quality of resources being used is fixed.
  C) the state of technology is improving.
  D) the time period involved is fixed.

Question 2

Using the above table, a unit tax of 2 is imposed on the product. How much of the tax is paid by the producer?
 
  A) 2
  B) 1
  C) 3
  D) unable to determine


bigsis44

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Blood PH Curve Hemoglobin Blood PH Curve Hemoglobin
The oxygen isotope curve illustrates the ratio between 16O and 18O. The oxygen isotope curve illustrates the ratio between 16O and 18O.
The adolescent growth spurt in humans is seen as a “bump” in the height curve and a “spike” in the h The adolescent growth spurt in humans is seen as a “bump” in the height curve and a “spike” in the h
The production of electricity from coal is inefficient The production of electricity from coal is inefficient
The Frequency Distribution Curve of a Drug The Frequency Distribution Curve of a Drug
Constructing a Three-Point Recombination Map Constructing a Three-Point Recombination Map
Video: Chronology of leptin research (A history of leptin research)

For a complete list of videos, visit our video library