« previous next »

Author Question: If production point is inside the production possibilities frontier A) it is not possible to ... (Read 45 times)

cartlidgeashley

  • Hero Member
  • *****
  • Posts: 572
on: Jun 29, 2018
If production point is inside the production possibilities frontier
 
  A) it is not possible to produce more of both goods.
  B) production is inefficient.
  C) in order to produce more of one good, less of the other must be produced.
  D) production is in the unattainable region.

Question 2

Demand is perfectly inelastic when
 
  A) shifts in the supply curve results in no change in price.
  B) the good in question has perfect substitutes.
  C) shifts of the supply curve result in no change in quantity demanded.
  D) shifts of the supply curve result in no change in the total revenue from the quantity sold.


Pamela.irrgang@yahoo.com

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

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.

Your Culture and Your Point of View Your Culture and Your Point of View
Two-point linear perspective. Two-point linear perspective.
How to find the equation of a line that is parallel to a line passing through a point How to find the equation of a line that is parallel to a line passing through a point
Human of the planet's net primary production and appropriation of NPP Human of the planet's net primary production and appropriation of NPP
Alternative for pass-point test Alternative for pass-point test
Production of ATP in Skeletal Muscle Production of ATP in Skeletal Muscle
Video: Contraction cycle of a sarcomere

For a complete list of videos, visit our video library