An increase in the quantity of resources available
A) shifts the PPF leftward.
B) shifts the PPF rightward.
C) moves the economy to a new point up along a given PPF.
D) moves the economy to a new point down along a given PPF.
B
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Use the data in the table below to answer the following question.PriceQuantity Demanded$201218171620142412301036840644448The price elasticity of demand (based on the midpoint formula) when price increases from $6 to $8 is
A. -1. B. -0.33. C. -3.29. D. -1.37.
An individual faces two alternatives for an investment. Asset 'A' has the following probability of return schedule:Probability of returnReturn (Yield) %.2515.0.2012.0.2010.0.159.0.107.5.100.0Asset 'B' has a certain return of 10.25%. If this individual selects asset 'A' does it imply she is risk averse? Explain.
What will be an ideal response?