In March a factory used new technology to produce its output. Then in August a fire destroyed half the factory. The new technology shifted the factory's PPF ________ and the fire shifted it ________.
A) outward; outward
B) inward; outward
C) outward; inward
D) inward; inward
Correct Answer:
Verified
Q52: Marginal cost
A)remains constant as more is produced.
B)decreases
Q53: When economic growth occurs, the
A)production possibilities frontier
Q54: As an economy's capital stock increases, the
Q55: A computer software program is most strongly
Q56: Tom takes 20 minutes to cook an
Q58: Individual economic decisions are coordinated by
A)governments through
Q59: If property rights are not clearly defined
Q60: The production possibilities frontier is the boundary
Q61: Marginal cost curves slope
A)downward because of increasing
Q62: Harry produces two balloon rides and four
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