Author Question: Given the production possibilities schedule in the above table, a combination of 75 televisions and ... (Read 74 times)

Cooldude101

  • Hero Member
  • *****
  • Posts: 557
Given the production possibilities schedule in the above table, a combination of 75 televisions and 60 personal computers
 
  A) is attainable but involves the unemployment of some of society's resources.
  B) clearly illustrates the trade-off between televisions and computers.
  C) cannot be produced by society, given its current level of resources and production technology.
  D) can be produced only if society is willing to have some of its resources used inefficiently.

Question 2

Morgan graduates from college and gets a job paying 50,000 a year. While in school, she consumed 4 pounds of chicken and 1 pound of shrimp a month. After she starts work, she consumes 2 pounds of chicken and 3 pounds of shrimp a month.
 
  If everything else is held constant, we know that A) chicken and shrimp are normal goods for Morgan.
  B) chicken is an inferior good and shrimp is a normal good for Morgan.
  C) chicken is an inferior good for Morgan.
  D) shrimp is a normal good for Morgan.



joneynes

  • Sr. Member
  • ****
  • Posts: 376
Answer to Question 1

C

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

For a complete list of videos, visit our video library