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Author Question: If the production possibilities frontier is ________, then opportunity costs are constant as more of ... (Read 96 times)

lbcchick

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on: Jun 29, 2018
If the production possibilities frontier is ________, then opportunity costs are constant as more of one good is produced.
 
  A) bowed out B) linear C) bowed in D) non-linear

Question 2

Explain why wage and salary income differs among individuals.
 
  What will be an ideal response?
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Dominic

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

Wage and salary income differ because jobs require different levels of human capital. Also, jobs pay compensating differentials if they are dangerous or involve poor working conditions.


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