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Author Question: Consider a production possibilities frontier with corn on the vertical axis and cars on the ... (Read 121 times)

sdfghj

  • Hero Member
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  • Posts: 552
on: Jun 29, 2018
Consider a production possibilities frontier with corn on the vertical axis and cars on the horizontal. Unusually good weather for growing corn shifts
 
  A) the horizontal intercept rightward and the vertical intercept upward.
  B) the horizontal intercept rightward but does not shift the vertical intercept.
  C) the vertical intercept upward but does not shift the horizontal intercept.
  D) neither the horizontal intercept nor the vertical intercept.

Question 2

From the economic point of view, what's worse, profit or loss?
 
  A) Profit
  B) Loss
  C) They are equally bad.
  D) The question is meaningless as stated.


wergv

  • Sr. Member
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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


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