Technological change in the good located on the vertical axis (Y2) :
A) shifts the PPF out symmetrically
B) shifts the PPF out to the right
C) shifts the PPF up
D) keeps the PPF constant
Correct Answer:
Verified
Q31: The slope of the isorevene line is
Q32: A Production Possibilities Frontier (curve) represents:
A) how
Q33: If all resources are used to produce
Q34: If all resources are used to produce
Q35: Productive efficiency is found:
A) on PPF
B) on
Q37: Technological change in agriculture is a result
Q38: If the price of an output increases,
Q39: The MRPS is:
A) the rate at that
Q40: In equilibrium:
A) MRPS = slope of isorevenue
Q41: The MRPS is equal to:
A) ΔY2/ΔY1
B) ΔX2/ΔX1
C)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents