This topic contains a solution. Click here to go to the answer

Author Question: If the number of firms producing electric cars increases and consumer preference for electric cars ... (Read 128 times)

mcmcdaniel

  • Hero Member
  • *****
  • Posts: 550
If the number of firms producing electric cars increases and consumer preference for electric cars increases, the equilibrium quantity of electric cars will definitely increase.
 
  Indicate whether the statement is true or false

Question 2

In a production possibilities frontier model, a point inside the frontier is
 
  A) productively and allocatively inefficient. B) productively inefficient.
  C) productively efficient. D) allocatively efficient.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ttt030911

  • Sr. Member
  • ****
  • Posts: 315
Answer to Question 1

TRUE

Answer to Question 2

B




mcmcdaniel

  • Member
  • Posts: 550
Reply 2 on: Jun 29, 2018
Wow, this really help


31809pancho

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

For a complete list of videos, visit our video library