This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The figure above shows a nation's production possibilities frontier for apples and oranges. a) ... (Read 165 times)

tatyanajohnson

  • Hero Member
  • *****
  • Posts: 569
on: Jun 29, 2018
The figure above shows a nation's production possibilities frontier for apples and oranges.
 
  a) What combination of goods is represented by point A?
  b) What combination of goods is represented by point B?
  c) Which point represents an unattainable combination of goods?

Question 2

The firm in the figure above is in monopolistic competition. It will produce
 
  A) 10 units.
  B) 20 units.
  C) 30 units.
  D) 40 units.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jackie

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 29, 2018
Answer to Question 1

a) 3 million bushels of apples and 3 million bushels of oranges
b) 3 million bushels of apples and 4 million bushels of oranges
c) Point B is an unattainable point.

Answer to Question 2

B


tatyanajohnson

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Jun 29, 2018
Thank you :)


jackie

  • Sr. Member
  • ****
  • Posts: 324
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

Your heart beats over 36 million times a year.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

The Seringapatam medal shows a lion defeating a tiger The Seringapatam medal shows a lion defeating a tiger
(a) The Dmanisi cranium (right) shows similarities to early African H. erectus including the Narioko (a) The Dmanisi cranium (right) shows similarities to early African H. erectus including the Narioko
This battery shows a large “1000” on the front panel but this is the CA rating and not the ... This battery shows a large “1000” on the front panel but this is the CA rating and not the ...
This label on a Toyota Camry hybrid shows the relative smog-producing emissions, but this does not ... This label on a Toyota Camry hybrid shows the relative smog-producing emissions, but this does not ...
Mobilize knuckles with figure-8s. Turn the hand so palm faces the table. Grasp the proximal phalange ... Mobilize knuckles with figure-8s. Turn the hand so palm faces the table. Grasp the proximal phalange ...
ATP Production in Cardiac Muscle ATP Production in Cardiac Muscle
Video: Structure of a Ribosome

For a complete list of videos, visit our video library