For a given production possibilities frontier, which points are attainable?
a. points inside the frontier
b. points outside the frontier
c. points on or outside the frontier
d. points on the frontier only
e. points on or inside the frontier
e
Economics
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In economics, investment is defined as
A) disposable income plus consumption. B) disposable income minus consumption. C) the spending by businesses on capital goods and inventories. D) the spending by households on human capital and durable goods.
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How do constant returns to scale affect the shape of the long-run average cost curve?
What will be an ideal response?
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