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

Author Question: A production possibilities frontier will shift outward if there is an improvement in technology. a. ... (Read 96 times)

Brittanyd9008

  • Hero Member
  • *****
  • Posts: 500
on: Jul 1, 2018
A production possibilities frontier will shift outward if there is an improvement in technology.
 a. True
  b. False

Question 2

On a production possibilities frontier, the opportunity cost of one more unit of a commodity per time period is measured by the
 a. monetary price of the commodity
  b. amount of the other commodity that must be sacrificed
  c. amount of unemployed resources that must be used
  d. amount of satisfaction it gives consumers
  e. amount of tax paid to government for production, sale, and use of the commodity


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bfulkerson77

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

B


Brittanyd9008

  • Member
  • Posts: 500
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

dawsa925

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

An Estimate of the Time of Global Peak Conventional Oil Production An Estimate of the Time of Global Peak Conventional Oil Production
Technology has changed our lives fundamentally. The connection to each telephone call used to have ... Technology has changed our lives fundamentally. The connection to each telephone call used to have ...
How to write a sine function when given the amplitude, period, and phase shift How to write a sine function when given the amplitude, period, and phase shift
Modern Predication of Peak in Global Oil Production Modern Predication of Peak in Global Oil Production
Structures of Voice Production Structures of Voice Production
Complete the following production chart and plot the points. Complete the following production chart and plot the points.
Video: Rena arc construction

For a complete list of videos, visit our video library