This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Point C on the production possibilities frontier in the above diagram illustrates A) a point that ... (Read 111 times)

joe

  • Hero Member
  • *****
  • Posts: 627
on: Jun 29, 2018
Point C on the production possibilities frontier in the above diagram illustrates
 
  A) a point that achieves production efficiency.
  B) a combination of goods and services that cannot be produced efficiently
  C) all goods and services that are desired but cannot be produced due to scarce resources.
  D) a production point that has underutilization of resources

Question 2

Refer to the figure above. Total welfare can be increased by ________.
 
  A) increasing output above Q1
  B) reducing output below Q1
  C) lowering the market price below P1
  D) increasing the market price above P2


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

iceage

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

A

Answer to Question 2

B


joe

  • Member
  • Posts: 627
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

carlsona147

  • Member
  • Posts: 341
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Lumbar puncture. Abbreviated LP, the lumbar puncture is a common procedure that withdraws cerebrospi Lumbar puncture. Abbreviated LP, the lumbar puncture is a common procedure that withdraws cerebrospi
Plant Diagram Plant Diagram
Sarah Sze, Triple Point (Pendulum). Sarah Sze, Triple Point (Pendulum).
Diagram Showing How Conduction Aphasia is Caused Diagram Showing How Conduction Aphasia is Caused
Two-point discrimination Two-point discrimination
Which of the following represents a reaction coordinate diagram for a chemical reaction whose ... Which of the following represents a reaction coordinate diagram for a chemical reaction whose ...
Video: Neural regulation of mechanical digestion- CNS voluntary, ANS & ENS controlled involuntary movements

For a complete list of videos, visit our video library