Biology Forums - Study Force

Other Fields Homework Help Business Topic started by: Lauren1 on Nov 11, 2014



Title: The nation's production possibilities frontier is bowed outward. Suppose that th
Post by: Lauren1 on Nov 11, 2014
The nation's production possibilities frontier is bowed outward. Suppose that the government decides to increase the production of armaments by $20 billion, and that as a result the output of consumer goods falls by $20 billion. If a further $20 billion increase beyond the initial $20 billion increase in armaments output is sought, we can expect that the output of consumer goods and services will fall further by
A) less than $20 billion.
B) $20 billion.
C) more than $20 billion.
D) There is not enough information to determine the answer.


Title: Re: The nation's production possibilities frontier is bowed outward. Suppose that th
Post by: MrDereche on Nov 16, 2014
Content hidden


Title: Re: The nation's production possibilities frontier is bowed outward. Suppose that th
Post by: Lauren1 on Nov 17, 2014
Thank you, this really, really helps :heart:


Title: Re: The nation's production possibilities frontier is bowed outward. Suppose that th
Post by: MrDereche on Nov 17, 2014
You're welcome!