« previous next »

Author Question: When the slope of a country's production set declines, it implies: a. the production set has ... (Read 68 times)

Mr.Thesaxman

  • Hero Member
  • *****
  • Posts: 514
on: Jun 30, 2018
When the slope of a country's production set declines, it implies:
 a. the production set has shrunk.
  b. the marginal cost of producing the good measured on the Y-axis has fallen.
  c. the marginal cost of producing the good measured on the Y-axis has increased.
  d. the marginal cost of producing the good measured on the X-axis has fallen.

Question 2

As long as there are fixed resources, diminishing marginal returns will never exist.
 a. True
  b. False
  Indicate whether the statement is true or false


nyrave

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

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 toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Cotton Production and Slave Population, 1800–1860 Cotton Production and Slave Population, 1800–1860
William A. Garnett, Erosion and Strip Farms, East Slope of the Tehachapi Mountains. William A. Garnett, Erosion and Strip Farms, East Slope of the Tehachapi Mountains.
As the world’s population continues to grow, demands on limited resources for food production As the world’s population continues to grow, demands on limited resources for food production
Role of Factors of Production in Determining Output per Worker, 2009 Role of Factors of Production in Determining Output per Worker, 2009
Slope Formula Slope Formula
Nonshivering heat production Nonshivering heat production
Video: Chemical Equilibrium between N2O4 (colorless gas) and NO2 (brown gas)

For a complete list of videos, visit our video library