Refer to Table 2-3. Assume Dina's Diner only produces sliders and hot wings. A combination of 80 sliders and 50 hot wings would appear
A) along Dina's production possibilities frontier.
B) inside Dina's production possibilities frontier.
C) outside Dina's production possibilities frontier.
D) at the vertical intercept of Dina's production possibilities frontier.
B
Economics
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Competition among rent seekers results in
A) higher rents. B) firms earning normal profits. C) firms setting lower prices. D) lower costs. E) all competing firms earning an economic profit.
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All of the following shift an industry's labor supply curve EXCEPT changes in
A) market wages offered in other industries. B) the demand for the final product. C) job flexibility. D) working conditions.
Economics