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Author Question: A producer is said to have a comparative advantage in the production of a good when: A) the ... (Read 95 times)

burchfield96

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on: Jun 30, 2018
A producer is said to have a comparative advantage in the production of a good when:
 
  A) the producer has a higher opportunity cost than another producer.
  B) the producer can produce more units of the good per hour than another producer.
  C) the producer has a lower opportunity cost than another producer.
  D) the producer charges a higher price for the good than the other producers.

Question 2

If the consumption function is C = 90 + 0.75y, then the level of autonomous consumption is
 
  A) 0.25. B) 0.75. C) 67.5. D) 90.


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tandmlomax84

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

D


burchfield96

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Reply #2 on: Jun 30, 2018
Thank you


tandmlomax84

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Reply #3 on: Jun 30, 2018
No problemo


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