Author Question: On a production possibilities frontier showing possible output levels of good A and good B, the ... (Read 99 times)

sheilaspns

  • Hero Member
  • *****
  • Posts: 567
On a production possibilities frontier showing possible output levels of good A and good B, the opportunity cost of producing the first 10 units of A will usually be
 a. the same as the opportunity cost of producing the second 10 units of A
  b. less than the opportunity cost of producing the second 10 units of A
  c. greater than the opportunity cost of making the second 10 units of A
  d. 10 units of A
  e. 10 units of B

Question 2

Because resources are not perfectly adaptable to the production of both good A and good B,
 a. the opportunity cost of A increases as production of A increases
  b. the opportunity cost of A decreases as production of A increases
  c. it is impossible for the economy to produce both A and B
  d. the opportunity cost of A is constant
  e. the opportunity cost of B is constant



dlook33

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

B

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

For a complete list of videos, visit our video library