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Author Question: Harry produces 2 balloon rides and 4 boat rides an hour. Harry could produce more balloon rides but ... (Read 189 times)

fasfsadfdsfa

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on: Jun 29, 2018
Harry produces 2 balloon rides and 4 boat rides an hour. Harry could produce more balloon rides but to do so he must produce fewer boat rides. Harry is ________ his production possibilities frontier.
 
  A) producing inside
  B) producing on
  C) producing outside
  D) producing either inside or on

Question 2

The table above gives the demand schedule for snow peas. The demand curve for snow peas is a straight line and so the elasticity of demand is
 
  A) 1 at all prices.
  B) the same at all prices but not 1.
  C) higher at higher prices.
  D) lower at higher prices.


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Tabitha_2016

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

B

Answer to Question 2

C


fasfsadfdsfa

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  • Posts: 554
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

recede

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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