This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following will possibly cause a leftward shift in the production possibility curve, ... (Read 45 times)

CBme

  • Hero Member
  • *****
  • Posts: 548
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.


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
Reply #1 on: Jun 30, 2018
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

ultraflyy23

  • Member
  • Posts: 312
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

The oxygen isotope curve illustrates the ratio between 16O and 18O. The oxygen isotope curve illustrates the ratio between 16O and 18O.
Oxygen dissociation curve Oxygen dissociation curve
How to shift and reflect a square root function using transformations How to shift and reflect a square root function using transformations
Titration curve for aspartic acid Titration curve for aspartic acid
Complete the following production chart and plot the points. Complete the following production chart and plot the points.
A 600-kg car is going around a curve with a radius of 120 m that is banked at an angle of 20° ... A 600-kg car is going around a curve with a radius of 120 m that is banked at an angle of 20° ...
Video: Stimulus (introduction)

For a complete list of videos, visit our video library