Refer to the above figure. If the farmer is growing 8,000 bushels ...

[formula1]

Refer to the above figure. If the farmer is growing 8,000 bushels of beans and 8,000 bushels of wheat, then we know that
 
  A) the farmer is not using resources efficiently.
  B) the farmer is using more land for wheat than for beans.
  C) the farmer should increase the amount of wheat grown and reduce the amount of beans.
  D) the farmer cannot be using the amount of land that was used to construct the curve.

Question 2

When constructing economic models, economists are more concerned with
 
  A) what people say than what they do.
  B) what people think than what they say.
  C) what people do than what they say.
  D) what people say than what they do or think.

[Ahernandez18]

Answer to Question 1

A

Answer to Question 2

C

[formula1]

Correct answers!

[Ahernandez18]

Great! Please up vote