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Author Question: The production possibilities frontier model assumes which of the following? A) Production of any ... (Read 77 times)

crobinson2013

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on: Jun 29, 2018
The production possibilities frontier model assumes which of the following?
 
  A) Production of any level of the two products that the economy produces is currently possible.
  B) Labor, capital, land, and natural resources are unlimited in quantity.
  C) The economy produces only two products.
  D) The level of technology is variable.

Question 2

If most workers are risk adverse why do we still see many workers agreeing to contracts where their compensation is variable like commissions for magazine salesmen or car salesmen?
 
  What will be an ideal response?
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HandsomeMarc

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

C

Answer to Question 2

These types of contracts occur because variable compensation can help firms get better performance from their workforce.


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crobinson2013

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Reply #2 on: Jun 29, 2018
Thank you :)


HandsomeMarc

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Reply #3 on: Jun 29, 2018
Happy to help you


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