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

Author Question: In a production possibilities frontier graph, the cost of producing more units of a good is measured ... (Read 42 times)

mydiamond

  • Hero Member
  • *****
  • Posts: 804
on: Jun 29, 2018
In a production possibilities frontier graph, the cost of producing more units of a good is measured by the
 
  A) dollar value of the additional output.
  B) area in the arc between the PPF and a straight line drawn between the starting point and the ending point.
  C) dollar value of the resources used to produce the good.
  D) amount of the other good or service that must be forgone.
  E) None of the above answers is correct.

Question 2

In the figure above, what happens if the Fed increases the quantity of money by 8 percent?
 
  A) The interest rate rises to 1.08.
  B) The value of money rises to 1.08.
  C) The value of money falls to 0.92 and there is a movement downward along the LRMD.
  D) The LRMD curve shifts rightward to restore equilibrium.
  E) The price level falls to 1.08.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nmyers

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


mydiamond

  • Member
  • Posts: 804
Reply 2 on: Jun 29, 2018
Gracias!

essyface1

  • Member
  • Posts: 347
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

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?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

An engine in good mechanical condition should produce 17 to 21 inches Hg of vacuum at idle at sea ... An engine in good mechanical condition should produce 17 to 21 inches Hg of vacuum at idle at sea ...
Good hand and body mechanics when applying thumb pressure to the back. Good hand and body mechanics when applying thumb pressure to the back.
Role of Factors of Production in Determining Growth, 1975–2009 Role of Factors of Production in Determining Growth, 1975–2009
Converting cubic graph to function Converting cubic graph to function
How to interpret these PCA Graph? How to interpret these PCA Graph?
Production of colorless sectors and reversion of the unstable colorless Production of colorless sectors and reversion of the unstable colorless
Video: What are the Parts of a Plant Cell?

For a complete list of videos, visit our video library