The production possibilities frontier shows
A) what people want firms to produce in a particular time period.
B) what an equitable distribution of products among citizens would be.
C) the maximum attainable combinations of two products that may be produced in a particular time period with available resources.
D) the various products that can be produced now and in the future.
C
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The acquisition of more than 10 percent of the shares of ownership in a company in another nation is called
A) portfolio investment. B) gross private international investment. C) foreign direct investment. D) majority investment.
Suppose you're producing designer clothes for Barbie dolls. You're producing 100 units and discover that the MR for the 100th unit is $50 while the MC of the 100th unit is $45 . If you're in the short run, it's a signal for you to
a. shut down b. stay where you are because you're making profit on that unit c. increase production beyond 100 units d. produce less than 100 units e. it's no signal because price data is unknown