What does the negative slope of the production possibilities frontier imply?
A) Diminishing marginal utility.
B) The only way to increase one person's utility is to decrease the other's.
C) Diminishing marginal rates of technical substitution.
D) The only way to increase output of one good is to decrease output of another.
D
Economics
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Figure 3-15
Refer to . Which area represents the increase in producer surplus when the price rises from P1 to P2 due to new producers entering the market?
a.
BCE
b.
ACF
c.
DEF
d.
AFEB
Economics
An increase in government regulation will shift
A. aggregate demand to the right. B. aggregate supply to the right. C. aggregate demand to the left. D. aggregate supply to the left.
Economics