This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If Mexico is currently operating at a point inside its production possibilities frontier, then there ... (Read 46 times)

tatyanajohnson

  • Hero Member
  • *****
  • Posts: 569
on: Jun 29, 2018
If Mexico is currently operating at a point inside its production possibilities frontier, then there are unemployed resources in Mexico. Is this statement true or false? Briefly explain your answer.
 
  What will be an ideal response?

Question 2

Patty spends 10 a week on bagels and soda. The price of a bagel is 2 and the price of soda is 1 a can. Patty buys 2 bagels and 6 cans of soda. Her marginal utility from bagels is 20 units.
 
  The price of a bagel rises to 3 and the price of a can of soda rises to 1.50. Patty now buys ________ bagels and her marginal utility from bagels ________. She buys ________ cans of soda and her marginal utility from soda ________. A) fewer than 2; increases; fewer than 6; increases
  B) 2; is 20 units; 6; is 10 units
  C) fewer than 2; is 20 units; fewer than 6; is 10 units
  D) fewer than 2; decreases; fewer than 6; decreases


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

JYan

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 29, 2018
Answer to Question 1

The statement is true. Points within the production possibilities frontier are attainable, so it is possible for Mexico to be producing at a point within its frontier. At points within the production possibilities frontier, there are unemployed resources.

Answer to Question 2

A


tatyanajohnson

  • Member
  • Posts: 569
Reply 2 on: Jun 29, 2018
Wow, this really help

Sarahjh

  • Member
  • Posts: 370
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Block Diagram of Single-stage Pressure System for Dual-Stage Pressure Production of Nitric Acid Block Diagram of Single-stage Pressure System for Dual-Stage Pressure Production of Nitric Acid
An accessory belt tensioner. Most tensioners have a mark that indicates normal operating location. ... An accessory belt tensioner. Most tensioners have a mark that indicates normal operating location. ...
Shown is the electronic circuit inside a ceramic disc MAP sensor used on many Chrysler engines. The ... Shown is the electronic circuit inside a ceramic disc MAP sensor used on many Chrysler engines. The ...
The leaky-barrel model: a settling-point model of eating and body weight homeostasis. The leaky-barrel model: a settling-point model of eating and body weight homeostasis.
The molality of a C12H23O11 solution is 0.6 m. what is the freezing point of the solution C? The molality of a C12H23O11 solution is 0.6 m. what is the freezing point of the solution C?
Constructing a Three-Point Recombination Map Constructing a Three-Point Recombination Map
Video: Rh blood type and complications during pregnancy & Fertilization

For a complete list of videos, visit our video library