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

Author Question: Suppose a country operates on its production possibility frontier when it produces 1000 books and ... (Read 119 times)

ssal

  • Hero Member
  • *****
  • Posts: 572
on: Jun 29, 2018
Suppose a country operates on its production possibility frontier when it produces 1000 books and 1000 tables. The combination of ________ reflects ________.
 
  A) 500 books and 1000 tables; an inefficient but attainable point
  B) 1000 books and 500 tables; an efficient point
  C) 1000 books and 1000 tables; a free lunch
  D) 500 books and 500 tables; an attainable and efficient point
  E) 1000 books and 1500 tables; a free lunch

Question 2

________ should be considered when conducting a cost-benefit analysis.
 
  A) Total costs and total benefits
  B) Only marginal costs and marginal benefits
  C) Only implicit costs and implicit benefits
  D) All costs and all benefits


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jojobee318

  • Sr. Member
  • ****
  • Posts: 298
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


ssal

  • Member
  • Posts: 572
Reply 2 on: Jun 29, 2018
Excellent

amandalm

  • Member
  • Posts: 306
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Crossing over produces new allelic combinations Crossing over produces new allelic combinations
Block Diagram of a High Concentrate Nitric Acid System for Dual-Stage Pressure Production of Nitric Block Diagram of a High Concentrate Nitric Acid System for Dual-Stage Pressure Production of Nitric
Country of Birth of Authorized U.S. Immigrants Country of Birth of Authorized U.S. Immigrants
Production-scale tangential flow filtration system. Production-scale tangential flow filtration system.
Renting Books Collage Renting Books Collage
Average Annual Growth Rates of Population by Country Group Average Annual Growth Rates of Population by Country Group
Video: Cell mediated immune response to a viral infection Animation

For a complete list of videos, visit our video library