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Author Question: The shape of the production possibilities curve in the above figure indicates that A) production ... (Read 70 times)

formula1

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on: Jun 29, 2018
The shape of the production possibilities curve in the above figure indicates that
 
  A) production of corn is characterized by increasing costs while the production of cloth is characterized by decreasing costs.
  B) production of both corn and cloth is characterized by increasing costs.
  C) production of both corn and cloth is characterized by constant costs.
  D) production of corn is characterized by constant costs and the production of cloth is characterized by increasing costs.

Question 2

Which of the following will NOT cause a shift in the demand for rewriteable DVDs?
 
  A) a change in taste
  B) a change in income
  C) a change in the price of rewriteable DVDs
  D) a change in the price of rewriteable CDs


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lgoldst9

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

B

Answer to Question 2

C


formula1

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

ebonylittles

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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