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Author Question: The production possibilities curve bows out because A) production is efficient. B) of the law of ... (Read 36 times)

jman1234

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on: Jun 29, 2018
The production possibilities curve bows out because
 
  A) production is efficient.
  B) of the law of increasing additional cost.
  C) production is inefficient.
  D) resources are not being fully utilized.

Question 2

Suppose that a new study finds that eating more peanut butter will improve a person's health. As a result
 
  A) the demand for peanut butter will fall.
  B) the demand for peanut butter will rise.
  C) the price of peanut butter will fall.
  D) a smaller amount of peanut butter will be purchased.


Alyson.hiatt@yahoo.com

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


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