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Author Question: In the table above, country B is producing 4 units of X and 6 units of Y. For country B, the ... (Read 65 times)

daltonest1984

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on: Jun 29, 2018
In the table above, country B is producing 4 units of X and 6 units of Y. For country B, the opportunity cost of producing an additional unit of Y is
 
  A) 1/2 unit of X per unit of Y.
  B) 2/3 unit of X per unit of Y.
  C) 2 units of X per unit of Y.
  D) 3 units of X per unit of Y.

Question 2

If both the demand and supply increase, the equilibrium quantity ________ and the equilibrium price ________.
 
  A) increases; falls
  B) decreases; might rise, fall, or not change
  C) decreases; rises
  D) increases; might rise, fall, or not change


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briseldagonzales

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

B

Answer to Question 2

D


daltonest1984

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Reply 2 on: Jun 29, 2018
:D TYSM

bbburns21

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Reply 3 on: Yesterday
Gracias!

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