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Author Question: Refer to the table above, which gives five points on a nation's PPF. As we increase the production ... (Read 67 times)

Themember4

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on: Jun 29, 2018
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


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pikon

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

C

Answer to Question 2

B


Themember4

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Reply #2 on: Jun 29, 2018
Thank you :)


pikon

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Reply #3 on: Jun 29, 2018
Happy to help you


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