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Author Question: The slope of the production possibilities frontier is A) positive. B) negative. C) zero. D) ... (Read 32 times)

dejastew

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  • Posts: 562
on: Jul 1, 2018
The slope of the production possibilities frontier is
 
  A) positive.
  B) negative.
  C) zero.
  D) undefined.

Question 2

Refer to Scenario 12.2. Suppose that the marginal cost falls such that: MC = Q - 10 What is the profit maximizing price?
 
  A) 205.72
  B) 240
  C) 210
  D) all of the above
  E) none of the above


Expo

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  • Posts: 351
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

C


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