Author Question: The short run is a time frame in which A) the quantities of some factors of production are fixed ... (Read 108 times)

magmichele12 · **on:** Jun 29, 2018

The short run is a time frame in which

A) the quantities of some factors of production are fixed and the quantities of other factors of production can be varied.
B) the quantities of all factors of production can be varied.
C) the quantities of all factors of production are fixed.
D) all costs are sunk costs.

Question 2

The above figure illustrates Mary's production possibilities frontier. Which of the following movements show opportunity costs increasing?

A) point a to point b to point c
B) point a to point f
C) point f to point a
D) point c to point f to point d