Refer to the table above, which gives five points on a nation's ...

[Themember4]

Refer to the table above, which gives five points on a nation's PPF. As we increase the production of X,
 
  A) the output of Y increases.
  B) unemployment increases.
  C) the opportunity cost of each new unit of X increases.
  D) the opportunity cost of each new unit of X decreases.

Question 2

Refer to the scenario above. If the marginal cost of producing the last unit of the good is 40, Nash equilibrium will occur when both firms charge a price of ________.
 
  A) 20
  B) 40
  C) 60
  D) 70

[pikon]

Answer to Question 1

C

Answer to Question 2

B

[Themember4]

Thank you

[pikon]

Happy to help you