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Author Question: Explain how the production possibilities frontier illustrates scarcity. What will be an ideal ... (Read 68 times)

maychende

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on: Jun 29, 2018
Explain how the production possibilities frontier illustrates scarcity.
 
  What will be an ideal response?

Question 2

Under current guidelines, the Federal Trade Commission will likely challenge
 
  A) all mergers if the Herfindahl-Hirschman index (HHI) is 2500 or higher.
  B) a merger if the HHI is 2500 or higher and the merger increases the HHI by more than 200 points.
  C) a merger if the HHI is 2500 or higher and the merger increases the HHI by more than 50 points.
  D) a merger if the HHI is 1500 or higher and the merger increases the HHI by more than 300 points.


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s.meritte

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

The PPF illustrates scarcity because we cannot attain the points outside the frontier.

Answer to Question 2

B


maychende

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

xiaomengxian

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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