The figure above illustrates a small country's production possibilities frontier. Moving from point C to point B, the per unit opportunity cost of computers is ________ per computer
A) 4 tablets
B) 5/4 of a tablet
C) 4/5 of a tablet
D) 1/4 of a tablet
E) 1 computer
D
You might also like to view...
In the figure above, assuming that the firm does not shut down, the firm will produce
A) fewer than 19 units. B) 20 units. C) 30 units. D) 40 units.
The average total cost curve of a natural monopoly is always
A. upward sloping. B. horizontal. C. downward sloping at all points. D. downward sloping where it crosses the market demand curve for the good.
An example of a normative statement is:
A) The rate of unemployment is 4 percent. B) A high rate of economic growth creates more jobs for the country. C) The federal government spends half of its budget on national defense. D) Everyone in the country needs to be covered by national health insurance
If the personal savings rate rose to 10%
A. our current account deficit would probably fall. B. our current account deficit would probably rise. C. our current account deficit would be unaffected.