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Author Question: Which of the following distinguishes a straight-line production possibilities curve from one that is ... (Read 157 times)

lidoalex

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on: Jun 30, 2018
Which of the following distinguishes a straight-line production possibilities curve from one that is bowed out?
 a. A straight-line production possibilities curve exhibits increasing opportunity costs, whereas a bowed production possibilities curve does not.
  b. A straight-line production possibilities curve exhibits decreasing opportunity costs, whereas a bowed production possibilities curve does not.
  c. A straight-line production possibilities curve exhibits constant opportunity costs, whereas a bowed production possibilities curve does not.
  d. A straight-line production possibilities curve is upward sloping, whereas a bowed production possibilities curve is not.

Question 2

What is the present value of 5,000 to be received in one year if the current market interest rate is 6.0?
 a. 3,125
  b. 4,717
  c. 4,923
  d. 5,300


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Sierray

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

b


lidoalex

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

nanny

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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