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Author Question: Which of the following will possibly cause a leftward shift in the production possibility curve, ... (Read 35 times)

CBme

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on: Jun 30, 2018
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.


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nothere

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

a

Answer to Question 2

a


CBme

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

ryhom

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Reply 3 on: Yesterday
:D TYSM

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