This topic contains a solution. Click here to go to the answer

Author Question: Which of the following will possibly cause a leftward shift in the production possibility curve, ... (Read 40 times)

CBme

  • Hero Member
  • *****
  • Posts: 548
Which of the following will possibly cause a leftward shift in the production possibility curve, representing good X and good Y?
 a. A decrease in a country's GDP
 b. An increase in the price of good X
  c. An increase in the price of good Y
  d. A decrease in the price of good Y
  e. A decrease in the price of good X

Question 2

For Brent, if the marginal utility of sleeping an extra hour, from 8 a.m. to 9 a.m., is negative:
 a. Brent is better off getting up at 8 a.m. or earlier.
 b. Brent is better off getting up at 9 a.m.
 c. Brent's total utility from sleeping must be negative.
 d. Brent's average utility from every hour he sleeps must be negative.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nothere

  • Sr. Member
  • ****
  • Posts: 324
Answer to Question 1

a

Answer to Question 2

a




CBme

  • Member
  • Posts: 548
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


Jsherida

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

For a complete list of videos, visit our video library