Answer the following statements true (T) or false (F)
1. The production possibilities frontier represents the technically efficient combination of two
products a business can produce in the current period given its existing resources and
technology.
2. The price of the product and marginal revenue are identical under conditions of perfect
competition.
3. The marginal rate of product transformation represents the slope of the production possibilities
frontier.
4. The elasticity of supply is equal to the percent change in price for a given percent change in
quantity.
5. The market supply curve under conditions of perfect competition is typically perfectly elastic.
1. TRUE
2. TRUE
3. TRUE
4. FALSE
5. TRUE
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Fill in the blank(s) with the appropriate word(s).
On a certain job, a sum of $438 is spent for materials. Of this amount, $76 is spent for 1-inch conduit, and $105 is spent for cable. How much money is spent for other materials?
Fill in the blank(s) with the appropriate word(s).
What is the maximum percentage of the human body's daily hormone production allowed in daily meat intake?
a. 0.5 c. 1.5 b. 1 d. 2
A diode installed across a coil with the cathode toward the battery positive is called a(an) _________
A) Transistor B) Clamping diode C) Forward-bias diode D) SCR