« previous next »

Author Question: Explain how the arrival of inexpensive broadband has changed the PPF. What will be an ideal ... (Read 110 times)

Charlie

  • Hero Member
  • *****
  • Posts: 640
on: Jun 29, 2018
Explain how the arrival of inexpensive broadband has changed the PPF.
 
  What will be an ideal response?

Question 2

Define what is meant to be risk-averse.
 
  What will be an ideal response?


kardosa007

  • Sr. Member
  • ****
  • Posts: 300
Reply #1 on: Jun 29, 2018
Answer to Question 1

The arrival of inexpensive broadband shifts the PPF outward as shown by the change from the initial PPF to the new PPF in Figure 3.5 . The intersection of the new PPF along the axis measuring video entertainment increases and the intersection of the new PPF along the axis measuring oth-er goods and services does not change.

Answer to Question 2

It refers to a person's preference of a certain payoff over an uncertain one with the same expected value.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Historian James Merrell notes several errors in Benjamin West’s famous 1771 painting, William Penn’s Historian James Merrell notes several errors in Benjamin West’s famous 1771 painting, William Penn’s
Sokol (Zhire) Zmajli, aged 80, changed her name from Zhire to the male name Sokol when she was ... Sokol (Zhire) Zmajli, aged 80, changed her name from Zhire to the male name Sokol when she was ...
From this 1946 photo, you can see how computers have changed. This is the ENIAC, the world’s first ... From this 1946 photo, you can see how computers have changed. This is the ENIAC, the world’s first ...
What are examples of ideal forms? What are examples of ideal forms?
"No Oven Needed" Energy Bars Try this recipe as an inexpensive alternative to commercial ... "No Oven Needed" Energy Bars Try this recipe as an inexpensive alternative to commercial ...
E9-23 Prepare income statements Explain the difference in operating income E9-23 Prepare income statements Explain the difference in operating income
Video: Pores and Ion Channels

For a complete list of videos, visit our video library