Refer to the production possibilities frontier in the figure above. More of good X must be given up per unit of good Y gained when moving from point b to point a than when moving from point c to point b. This fact
A) illustrates decreasing opportunity cost.
B) illustrates increasing opportunity cost.
C) indicates that good X is more capital intensive than good Y.
D) indicates that good Y is more capital intensive than good X.
B
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One advantage of a money market mutual fund account is that: a. it is guaranteed for a larger amount than are FDIC-insured deposits
b. it is a riskless asset. c. its holders typically earn more interest than they can with a regular bank account. d. it earns high interest and is liquid. e. it is completely liquid and riskless.
Which one of the following is taken into account by GDP?
A. Custom lawn care services
B. Household production
C. Leisure time
D. Illegal production
In Cost Calculations for Pizza Shack Company, if the fixed cost went up to $50, then at an hourly output of 6 Pizza Shackâs TC would ______ and its ATC would ______.
a. increase to $106; decrease to $8.15
b. increase to $106; increase to $17.67
c. decrease to $90.00; decrease to $15.00
d. increase to $186; increase to $31.00
In general, pollution exists in situations in which
A. there are poorly defined private property rights. B. people are selfish. C. there exists public property. D. people refuse to take social responsibility seriously.