« previous next »

Author Question: In constructing a production possibilities curve, all of the following are assumed EXCEPT A) ... (Read 68 times)

mia

  • Hero Member
  • *****
  • Posts: 564
on: Jun 29, 2018
In constructing a production possibilities curve, all of the following are assumed EXCEPT
 
  A) resources are fully employed.
  B) the quantity and quality of resources being used is fixed.
  C) the state of technology is improving.
  D) the time period involved is fixed.

Question 2

Using the above table, a unit tax of 2 is imposed on the product. How much of the tax is paid by the producer?
 
  A) 2
  B) 1
  C) 3
  D) unable to determine


bigsis44

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

C

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

The titration curve of the buffer acetic acid (CH3COOH) The titration curve of the buffer acetic acid (CH3COOH)
Frequency distribution curve: interpatient variability in drug response. Frequency distribution curve: interpatient variability in drug response.
A Receiver-Operating-Characteristic (ROC) Curve A Receiver-Operating-Characteristic (ROC) Curve
A 1000-kg car is slowly picking up speed as it goes around a horizontal unbanked curve whose ... A 1000-kg car is slowly picking up speed as it goes around a horizontal unbanked curve whose ...
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Nonshivering heat production Nonshivering heat production
Video: Origin of organelles Animation

For a complete list of videos, visit our video library