Consider the production possibilities frontier displayed in the figure shown. Which points are efficient and attainable with existing resources?
A. Only point B.
B. Only point A.
C. Points A and D.
D. Points A, C, and D.
C. Points A and D.
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An unexpected drop in the growth rate of the CPI should send bond prices __________ and stock prices __________
A) up; up B) up; down C) down; up D) down; down
The primary source of funds for commercial banks is ________
A) securities B) Federal Reserve Banks C) loans D) deposits
What might cause a demand curve to shift to the right?
A. An increase in the price of a complement B. A decrease in the price of a substitute C. An increase in the price of a substitute D. An increase in the product's own price
Refer to the diagram showing the average total cost curve for a purely competitive firm. At the long-run equilibrium level of output, this firm's total cost:
A. is $10.
B. is $40.
C. is $400.
D. cannot be determined from the information provided.