Refer to the diagram. Curve B is a:
A. production possibilities curve indicating constant opportunity costs.
B. production possibilities curve indicating increasing opportunity costs.
C. demand curve indicating that the quantity of consumer goods demanded increases as the price of capital falls.
D. technology frontier curve.
A. production possibilities curve indicating constant opportunity costs.
Economics
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What is the level of profits when four units are produced?
a. 40 b. 70 c. -30 d. 20
Economics
Average variable costs:
A. always trend upward as output increases. B. always trend downward as output increases. C. decrease, then increase as output increases. D. increase, then decrease as output increases.
Economics