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

Author Question: In the table above, country A is producing 4 units of X and 8 units of Y and country B is producing ... (Read 100 times)

Wadzanai

  • Hero Member
  • *****
  • Posts: 528
In the table above, country A is producing 4 units of X and 8 units of Y and country B is producing 4 units of X and 6 units of Y. The opportunity cost of producing more of
 
  A) good X is the same for both countries.
  B) good Y is the same for both countries.
  C) good X is lower in country A.
  D) good Y is lower in country A.

Question 2

As Judy moves down along her budget line, ________.
 
  A) the opportunity cost of the good measured along the x-axis increases
  B) the opportunity cost of the good measured along the y-axis increases
  C) her income decreases
  D) her income does not change and neither does the relative price of the goods



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

shaikhs

  • Sr. Member
  • ****
  • Posts: 312
Answer to Question 1

D

Answer to Question 2

D




Wadzanai

  • Member
  • Posts: 528
Reply 2 on: Jun 29, 2018
:D TYSM


Liamb2179

  • Member
  • Posts: 365
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

For a complete list of videos, visit our video library