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Author Question: A production point beyond the production possibilities frontier represents what? What will be an ... (Read 110 times)

jon_i

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on: Jun 29, 2018
A production point beyond the production possibilities frontier represents what?
 
  What will be an ideal response?

Question 2

A firm's average variable cost is 90, its total fixed cost is 10,000, and its output is 1,000 units. Its total cost is
 
  A) less than 85,000.
  B) between 85,000 and 95,000.
  C) between 95,000 and 105,000.
  D) more than 105,000.


popopong

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

A production point beyond the production possibilities frontier is an unattainable combination of goods and services.

Answer to Question 2

C


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