« previous next »

Author Question: According to the figure above, the opportunity cost of producing another computer is A) higher at ... (Read 84 times)

nenivikky

  • Hero Member
  • *****
  • Posts: 516
on: Jun 29, 2018
According to the figure above, the opportunity cost of producing another computer is
 
  A) higher at A.
  B) higher at B.
  C) the same at every point along the frontier.
  D) different at most points along the frontier but equal at points A and B because they are equally distant from the axes.

Question 2

What makes up M1? Is M1 larger or smaller than real GDP?
 
  What will be an ideal response?


alvinum

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

M1 is the sum of currency held by individuals and businesses plus checkable deposits owned by individuals and businesses plus traveler's checks. All the assets in M1 are accepted as means of payment and so all the assets are money. M1 is much smaller than real GDP. Real GDP is about 7 times larger than M1.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

figure 18-1 pituitary hormones figure 18-1 pituitary hormones
IQ and Genetics The closer the genetic relationship, the higher the correlation in IQ. Based on: Br IQ and Genetics The closer the genetic relationship, the higher the correlation in IQ. Based on: Br
For millions of people, the United States represents a land of opportunity and freedom from ... For millions of people, the United States represents a land of opportunity and freedom from ...
Figure-8s on the toes mobilize joints of the foot. Figure-8s on the toes mobilize joints of the foot.
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
Cost of Laptops Cost of Laptops
Video: Graded potentials - electrical characteristics and types

For a complete list of videos, visit our video library