Refer to Table 2-5. Assume Nadia's Neckware only produces ascots and bowties. A combination of 8 ascots and 18 bowties would appear

A) along Nadia's production possibilities frontier.
B) inside Nadia's production possibilities frontier.
C) outside Nadia's production possibilities frontier.
D) at the horizontal intercept of Nadia's production possibilities frontier.

A

Economics

You might also like to view...

Consider the budget line in the above figure. If the price of a magazine is $4, then the price of a hamburger is

A) $1.75. B) $3.00. C) $4.00. D) $5.33.

Economics

If the expected path of one-year interest rates over the next five years is 4 percent, 5 percent, 7 percent, 8 percent, and 6 percent, then the expectations theory predicts that today's interest rate on the five-year bond is

A) 4 percent. B) 5 percent. C) 6 percent. D) 7 percent.

Economics