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Author Question: As output moves from point a to point b to point c along the PPF in the above figure, the ... (Read 99 times)

roselinechinyere27m

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As output moves from point a to point b to point c along the PPF in the above figure, the opportunity cost of one more unit of good X
 
  A) rises. The opportunity cost of one more unit of good Y also rises.
  B) rises. The opportunity cost of one more unit of good Y falls.
  C) falls. The opportunity cost of one more unit of good Y rises.
  D) falls. The opportunity cost of one more unit of good Y also falls.

Question 2

Ed is a freelance writer who could work for a newspaper at 25,000 a year but instead works for himself for 41,000 a year. His only business expenses are 1,000 for writing materials and 12,000 for rent. Ed's normal profit is 1,000.
 
  Ed's economic profit from working as a freelance writer is A) 1,000.
  B) 2,000.
  C) 15,000.
  D) 25,000.



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jaaaaaaa

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Answer to Question 1

B

Answer to Question 2

B




roselinechinyere27m

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


momolu

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Reply 3 on: Yesterday
Gracias!

 

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