The production possibilities frontier is the
A) maximum output that can be produced at an opportunity cost of zero.
B) minimum output that can be produced when resources are used inefficiently.
C) boundary between the combinations of goods and services that can be produced and the combinations that cannot be produced, given the available factors of production and the state of technology.
D) boundary between the combinations of goods and services that can be produced and the combinations that cannot be produced when technology is changing.
E) maximum opportunity cost combinations of goods and services.
Question 2
The proven-reserves figure used in most years-to-depletion calculations encompasses oil reserves that are ________ and ________ to extract.
A) known; economical
B) both known and unknown; economical
C) known; both economical and uneconomical
D) both known and unknown; both economical and uneconomical
An analogy for how cardiac output, resistance, and blood pressure are related.
Primary production is positively correlated with the evapotranspiration rate.
Spain’s North American Frontier, c. 1750
Cotton Production and Slave Population, 1800–1860
Complete the following production chart and plot the points.
Calculus help: Find a cubic function f (x) = ax3 +bx2 +cx+d that has a local maximum value of 3 ...