A majority of charitable contributions in the United States are usually to ________

Scarcity is represented on a production possibilities frontier figure by

A) the amount of the good on the horizontal axis forgone. B) the fact that there are only two goods in the diagram. C) technological progress. D) the fact there are attainable and unattainable points.

A manager invests $400,000 in a technology that should reduce the overall costs of production. The company managed to reduce their cost per unit from $2 to $1.85 . This affects

a. Economic profits b. Accounting profits c. Both a and b d. None of the above