Moving from a point inside the production possibilities frontier to a point on the production possibilities frontier, the opportunity cost of producing more of the good on the horizontal axis
A) increases. B) is infinite. C) decreases. D) is 0. E) is constant.
D
Economics
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Refer to the scenario above. What is the net present value of buying the warranty?
A) $3.75 B) -$10.18 C) $15.54 D) -$30
Economics
Discuss the inefficiencies created by a price floor
What will be an ideal response?
Economics
In the short run
A) all inputs are variable. B) all firms experience increasing returns to scale. C) some firms experience economies of scale. D) no firm experiences economies of scale.
Economics
A consequence of an inflationary gap is ____ as output begins to decrease and prices continue to increase.
A. stagflation B. reflation C. disinflation D. perflation
Economics