Author Question: As an economy moves from point to point along its production possibilities curve, which one of the ... (Read 114 times)

dalyningkenk · **on:** Jun 29, 2018

As an economy moves from point to point along its production possibilities curve, which one of the following variables changes?

A) the total amount of resources employed
B) the level of technology
C) the time frame under consideration
D) the amount of each good or service produced

Question 2

In a monopolistically competitive market if the additional revenue generated from advertising equals the additional cost of advertising, the firm should

A) advertise more to increase sales.
B) advertise more to lower marginal costs.
C) maintain its current amount of advertising.
D) advertise less to decrease costs.