Business, 20.03.2020 08:08 AbbypiePink4942

There is a production possibilities frontier (PPF) that shows the combinations of goods X and Y that can be produced in the economy. The point where the PPF touches the good-X axis is at 40 units of good X and the point where the PPF touches the good-Y axis is at 60 units. As a result of an increase in resources that can be used for the production of only good Y, the PPF

a. shifts leftward, and the point at which the PPF touches the good-X axis has to be something less than 40 units of good X.
b. shifts rightward, and the point at which the PPF touches the good- X axis has to be something more than 40 units of good X and the point at which the PPF touches the good-Y axis has to be something more than 60 units.
c. shifts leftward, and the point at which the PPF touches the good-X axis has to be something less than 40 units of good X and the point at which the PPF touches the good-Y axis has to be something less than 60 units.
d. shifts rightward, and the point at which the PPF touches the good- X axis is at 40 units of good X and the point at which the PPF touches the good-Y axis has to be something more than 60 units.
e. none of the above

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 11:20, jaideeplalli302

You decided to charge $100 for your new computer game, but people are not buying it. what could you do to encourage people to buy your game?

Answers: 1

continue

Business, 22.06.2019 19:00, bussbhsvssu557

The market demand curve for a popular teen magazine is given by q = 80 - 10p where p is the magazine price in dollars per issue and q is the weekly magazine circulation in units of 10,000. if the circulation is 400,000 per week at the current price, what is the consumer surplus for a teen reader with maximum willingness to pay of $3 per issue?

Answers: 1

continue

Business, 23.06.2019 00:30, HottheadAnthony7234

Shelly bought a house five years ago for $150,000 and obtained an 80% loan. now the home is worth $140,000 and her loan balance has been reduced by $12,000. what is shelly's current equity?

Answers: 3

continue

Business, 23.06.2019 00:40, derisepicowe0fa

An upper-middle-class manager tends to have hostile relationship with the working-class employees in the firm because of his tendency to perceive himself as superior to them based on his class background. in this example, the manager exhibits: question 14 options: 1) class consciousness. 2) cultural awareness. 3) social mobility. 4) group orientation.

Answers: 3

continue

You know the right answer?

There is a production possibilities frontier (PPF) that shows the combinations of goods X and Y that...