Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. For this economy to move from Point A to Point B, ________ additional OLED TVs could be produced when the production of LCD TVs is reduced by 30.
A. exactly 20
B. more than 20
C. fewer than 20
D. exactly 90
Answer: A
You might also like to view...
What is the shape of average cost curve? Provide the reason for that particular shape.
What will be an ideal response?
If the cost of capital increased to 25%, would the firm invest in the printer?
a. Yes because the NPV>0 b. Yes because the NPV=0 c. Need information on the marginal benefits and costs d. No because the NPV<0
A rightward shift of the Canadian demand curve for foreign exchange will
a. decrease the price of foreign exchange in Canada b. decrease the value of the Canadian dollar c. increase the value of the Canadian dollar d. make foreign goods less expensive in terms of Canadian dollars e. make Canadian goods more expensive in terms of foreign exchange
Which of the following is least likely to increase the demand for new tires?
A. a decrease in the price of tires B. a decrease in the price of cars C. an increase in consumer income D. an increase in the number of miles people drive per year