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Author Question: Molly just graduated from high school. The figure shows her possibilities frontier. If Molly goes to ... (Read 78 times)

WhattoUnderstand

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on: Jun 29, 2018
Molly just graduated from high school. The figure shows her possibilities frontier. If Molly goes to college, she will move from point M to point K. In terms of consumption goods, Molly's opportunity cost of going to college is
 
  A) MK.
  B) OL.
  C) KL.
  D) LM.

Question 2

Which of the following shifts the supply curve for good X leftward?
 
  A) a situation in which quantity demanded exceeds quantity supplied
  B) an increase in the cost of the machinery used to produce X
  C) a technological advance in the production of X
  D) a decrease in the wages of workers employed to produce X


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af

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

D

Answer to Question 2

B


WhattoUnderstand

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

tandmlomax84

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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