Moe divides his time between studying Physics and studying Economics. His production possibilities curve for his final grade in each class is shown in the accompanying figure.
Moe needs to earn at least an 80 in both economics and physics to keep his scholarship. Given his current PPC, an 80 in both classes is ________.
A. attainable
B. efficient
C. inefficient
D. unattainable
Answer: D
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Indicate whether the statement is true or false
What is the marginal rate of substitution, and what role does it play in determining the consumer's optimum choice?
The interest rates on outstanding credit card balances are generally high because
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Xavier’s country has 1 million acres of land it uses in farming. In contrast, Dominic’s country has 100 million acres of farmland. If each country uses irrigation techniques to add 100,000 acres of farmland, how will productivity in each country be impacted?
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