Refer to Exhibit 2-2. If PPF2 is the relevant production possibilities frontier, then point __________ is productive efficient.
 ANSWER 8.png)
Answer: D
You might also like to view...
Under which of the following does a monopoly's demand curve become its marginal revenue curve?
A) all types of monopoly B) only single-price monopoly C) only perfect price discrimination D) only price discrimination on the basis of the number of units purchased E) any monopoly that price discriminates
The presumption that ability breeds economic success finds empirical support
Indicate whether the statement is true or false
Labor unions may increase worker productivity by facilitating smooth relations between labor and management.
Answer the following statement true (T) or false (F)
Table 15.1Table 15.1 shows the preferred budget in millions for a new sports facility and the number of thousands of voters in a community who prefer that budget. What budget does the median voter prefer?
A. 3 B. 4 C. 5 D. 6