The figure above illustrates Mary's production possibilities frontier. If Mary wants to move from point b to point c, she must
A) improve technology.
B) increase the accumulation of capital.
C) give up some of good Y in order to obtain more of good X.
D) give up some of good X in order to obtain more of good Y.
Question 2
Which of the following statements is TRUE?
A) As more of a good is consumed, its total utility increases, unless the good is subject to diminishing marginal utility.
B) As more of a good is consumed, its total utility increases, even if the good is subject to diminishing marginal utility.
C) No two people have identical utility functions, just as no two people have identical fingerprints.
D) Both A and C above.
This chart illustrates the bottom up assumption about government. In this, attitudes, culture, and
Great Britain Production of Glass 1800s
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For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately