The table above shows a production possibilities frontier for an economy. Which of the following combinations is unattainable?
A) 300 loaves of bread and 200 books
B) 100 loaves of bread and 800 books
C) 0 loaves of bread and 800 books
D) 200 loaves of bread and 800 books
E) 0 loaves of bread and 0 books
D
Economics
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What gives a person a comparative advantage?
What will be an ideal response?
Economics
In the above figure, assume d1 is the demand curve faced by this firm. Which is TRUE?
A) This firm is earning an economic profit. B) This firm is experiencing an economic loss. C) This firm is breaking even. D) This firm's total costs equal EJA0.
Economics