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Author Question: The slope of the production possibilities frontier is defined to be the marginal rate of A) ... (Read 85 times)

theo

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on: Jul 1, 2018
The slope of the production possibilities frontier is defined to be the marginal rate of
 
  A) transformation.
  B) technical substitution.
  C) substitution.
  D) profit.

Question 2

Refer to Figure 9.8. In order to gain the equivalent imports as a 50 tariff, the government would have to impose a quota of
 
  A) 100 tons of sugar.
  B) 200 tons of sugar.
  C) 300 tons of sugar.
  D) 350 tons of sugar.
  E) 500 tons of sugar.


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aidanmbrowne

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

A


theo

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

bassamabas

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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