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Author Question: The slope of a producer's production possibilities frontier represents the producer's A) sunk ... (Read 117 times)

jeatrice

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on: Jun 29, 2018
The slope of a producer's production possibilities frontier represents the producer's
 
  A) sunk costs of production.
  B) average costs of production.
  C) marginal costs of production.
  D) total costs of production.

Question 2

The figure above shows the market for candy. People become more concerned that eating candy causes them to gain weight, which they do not like. As a result, the
 
  A) demand curve shifts from D2 to D1 and the supply curve does not shift.
  B) demand curve shifts from D1 to D2 and the supply curve shifts from S1 to S2.
  C) demand curve shifts from D2 to D1 and the supply curve shifts from S2 to S1.
  D) demand curve does not shift, and the supply curve shifts from S1 to S2.


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gcook

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

C

Answer to Question 2

A


jeatrice

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


gcook

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


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