« previous next »

Author Question: According to the figure above, the opportunity cost of producing another computer is A) higher at ... (Read 82 times)

nenivikky

  • Hero Member
  • *****
  • Posts: 516
on: Jun 29, 2018
According to the figure above, the opportunity cost of producing another computer is
 
  A) higher at A.
  B) higher at B.
  C) the same at every point along the frontier.
  D) different at most points along the frontier but equal at points A and B because they are equally distant from the axes.

Question 2

What makes up M1? Is M1 larger or smaller than real GDP?
 
  What will be an ideal response?


alvinum

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

M1 is the sum of currency held by individuals and businesses plus checkable deposits owned by individuals and businesses plus traveler's checks. All the assets in M1 are accepted as means of payment and so all the assets are money. M1 is much smaller than real GDP. Real GDP is about 7 times larger than M1.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

(A) The nine regions of the abdominopelvic cavity. (B) The four regions of the abdomen, which are re (A) The nine regions of the abdominopelvic cavity. (B) The four regions of the abdomen, which are re
In this cartoon, Boss Tweed welcomes cholera—a skeletal figure of death carrying a handbag from “Asi In this cartoon, Boss Tweed welcomes cholera—a skeletal figure of death carrying a handbag from “Asi
A compression gauge designed for the higher compression rate of a diesel engine should be used when ... A compression gauge designed for the higher compression rate of a diesel engine should be used when ...
Suicide rates in Canada are more than three times higher for males than for females Suicide rates in Canada are more than three times higher for males than for females
DNA-Z computer model DNA-Z computer model
Students pointing at a computer screen Students pointing at a computer screen
Video: Double Stranded DNA Molecule Animation

For a complete list of videos, visit our video library