Author Question: Given the production possibilities schedule in the above table, a combination of 75 televisions and ... (Read 79 times)

Cooldude101

  • Hero Member
  • *****
  • Posts: 557
Given the production possibilities schedule in the above table, a combination of 75 televisions and 60 personal computers
 
  A) is attainable but involves the unemployment of some of society's resources.
  B) clearly illustrates the trade-off between televisions and computers.
  C) cannot be produced by society, given its current level of resources and production technology.
  D) can be produced only if society is willing to have some of its resources used inefficiently.

Question 2

Morgan graduates from college and gets a job paying 50,000 a year. While in school, she consumed 4 pounds of chicken and 1 pound of shrimp a month. After she starts work, she consumes 2 pounds of chicken and 3 pounds of shrimp a month.
 
  If everything else is held constant, we know that A) chicken and shrimp are normal goods for Morgan.
  B) chicken is an inferior good and shrimp is a normal good for Morgan.
  C) chicken is an inferior good for Morgan.
  D) shrimp is a normal good for Morgan.



joneynes

  • Sr. Member
  • ****
  • Posts: 376
Answer to Question 1

C

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

For a complete list of videos, visit our video library