[Answered] The production possibilities curve demonstrate which of the following concepts? A) scarcity B) ...

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mynx

Hero Member
Posts: 555

on: Jun 29, 2018

The production possibilities curve demonstrate which of the following concepts?

A) scarcity
B) choice
C) trade-offs
D) all of the above

Question 2

Refer to the above figures. A negative externality existed but has been corrected. Price and quantity will be

A) P1 and Q1.
B) P2 and Q2.
C) P3 and Q3.
D) P4 and Q4.

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Marked as best answer by a Subject Expert

b614102004

Sr. Member
Posts: 320

Reply #1 on: Jun 29, 2018

Answer to Question 1

D

Answer to Question 2

B

mynx

Member
Posts: 555

Reply 2 on: Jun 29, 2018

Excellent

miss.ashley

Member
Posts: 371

Reply 3 on: Yesterday

TYSM

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