If the production possibilities frontier can be expressed as 4X2 + Y2 = 16 then the point X = 1; Y = 4 is
A) outside the production possibilities frontier
B) on the production possibilities frontier
C) inside the production possibilities frontier
D) in the wrong quadrant to be on the graph
Correct Answer:
Verified
Q28: Suppose Q29: Suppose T = .02 Q30: Suppose you can write generic supply and Q31: Suppose you can write generic supply and Q32: Suppose T = .02 Q34: An increase in the technology used in Q35: Suppose a production possibilities frontier can be Q36: Suppose you can write generic supply and Q37: Suppose right (R)and left (L)shoes are only Q38: Suppose you can write generic supply and
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