Exhibit 2-15 Production possibilities curve
In Exhibit 2-15, the economy will experience the most future economic growth if it chooses what point now?

Refer to Figure 11-7. If output is 100 units what is the fixed cost of production?

A) $8 B) $800 C) $1,000 D) This cannot be determined from the diagram.

Suppose that in a time of crisis everyone pitches in and works more than full-time. How is this represented by a production possibilities frontier?

What will be an ideal response?