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Author Question: A bowed out production possibilities frontier shows A) that resources are equally productive in ... (Read 52 times)

mp14

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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.


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shaikhs

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

D

Answer to Question 2

A


mp14

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

strudel15

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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