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Author Question: A point outside the production possibilities curve PPC: a. represents inefficient use of resources. ... (Read 120 times)

penza

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on: Jun 30, 2018
A point outside the production possibilities curve PPC:
 a. represents inefficient use of resources.
  b. represents the prevalence of unemployment.
  c. is attainable if all resources are used efficiently.
  d. represents more resources than are currently available.
  e. will never be attainable, even if the quantity of resources increases.

Question 2

Which of the following demonstrates marginal thinking?
 a. Deciding to never eat meat.
 b. Deciding to spend one more hour studying economics tonight because you think the improvement on your next text will be large enough to make it worthwhile to you.
  c. Deciding to go to a Sociology class that you usually skip because there is a guest lecturer you are really interested in hearing that day.
  d. Both b. and c. demonstrate marginal thinking.


princessflame2016

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

d

Answer to Question 2

d


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penza

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Reply #2 on: Jun 30, 2018
Thank you :)


princessflame2016

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Reply #3 on: Jun 30, 2018
Happy to help you


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