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Author Question: Suppose a country operates on its production possibility frontier when it produces 1000 books and ... (Read 118 times)

ssal

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on: Jun 29, 2018
Suppose a country operates on its production possibility frontier when it produces 1000 books and 1000 tables. The combination of ________ reflects ________.
 
  A) 500 books and 1000 tables; an inefficient but attainable point
  B) 1000 books and 500 tables; an efficient point
  C) 1000 books and 1000 tables; a free lunch
  D) 500 books and 500 tables; an attainable and efficient point
  E) 1000 books and 1500 tables; a free lunch

Question 2

________ should be considered when conducting a cost-benefit analysis.
 
  A) Total costs and total benefits
  B) Only marginal costs and marginal benefits
  C) Only implicit costs and implicit benefits
  D) All costs and all benefits


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jojobee318

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

A

Answer to Question 2

B


ssal

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

kishoreddi

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Reply 3 on: Yesterday
Excellent

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