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Author Question: In constructing a production possibilities curve, all of the following are assumed EXCEPT A) ... (Read 70 times)

mia

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on: Jun 29, 2018
In constructing a production possibilities curve, all of the following are assumed EXCEPT
 
  A) resources are fully employed.
  B) the quantity and quality of resources being used is fixed.
  C) the state of technology is improving.
  D) the time period involved is fixed.

Question 2

Using the above table, a unit tax of 2 is imposed on the product. How much of the tax is paid by the producer?
 
  A) 2
  B) 1
  C) 3
  D) unable to determine


bigsis44

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

C

Answer to Question 2

B


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