Author Question: A bowed out production possibilities frontier shows A) that resources are equally productive in ... (Read 54 times)

mp14 · **on:** Jun 29, 2018

A bowed out production possibilities frontier shows

A) that resources are equally productive in all uses.
B) increasing opportunity cost.
C) that resources are not equally productive in all uses.
D) Both answers B and C are correct.
E) Both answers A and B are correct.

Question 2

The above figures show the market for HD televisions. Blu-ray players can be used to play HD movies. If the price of Blu-ray players falls, then which figure shows the effect of this change in the market for HD televisions?

A) Figure A
B) Figure B
C) Figure C
D) Figure D
E) None of the figures represent this change.