A firm will produce at the point where their total cost line hits the ___________ isoquant curve.

In the production possibilities frontier depicted in the figure above, which of the following combinations of hats and bananas is inefficient?

A) 4 million pounds of bananas and 4 million hats B) 2 million pounds of bananas and 5 million hats C) 0 pounds of bananas and 6 million hats D) 1 million pounds of bananas and 3 million hats

During World War II, a labor shortage emerged in some markets. New recruits into the civilian labor force included

(a) teenage females. (b) married women. (c) retired people 65 years of age or older. (d) all of the above.