Suppose Ann can produce 8 units of a material good (M) or 4 units of a spiritual good (S) in a day, while Ben can produce only 3 Ms or 3 Ss in a day. Which statement below is true?

A) Ann is the most efficient producer of spiritual goods.
B) Ann is the most efficient producer of material goods.
C) Ben is the least efficient producer of spiritual goods.
D) All of the above are true.

B

Economics

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A) decreases; increases B) increases; increases C) increases; does not change D) increases; decreases E) decreases; decreases

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An increase in the number of consumers

A) results only in a movement along the demand curve. B) shifts the supply curve leftward. C) shifts the demand curve rightward. D) Both answers B and C are correct.

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