Biology Forums - Study Force

Other Fields Homework Help Economics Topic started by: Yukinara on Sep 20, 2022



Title: Suppose there are only two goods produced in our economy-snowplows and helicopters. If there is ...
Post by: Yukinara on Sep 20, 2022
Suppose there are only two goods produced in our economy-snowplows and helicopters. If there is always a two-for-one tradeoff between the production of these two goods (in terms of opportunity cost), then the production possibilities boundary between snowplows and helicopters is

▸ circular.

▸ a downward-sloping straight line.

▸ a downward-sloping curve concave to the origin.

▸ a downward-sloping curve convex to the origin.

▸ a downward-sloping straight line with slope equal to -1.


Title: Suppose there are only two goods produced in our economy-snowplows and helicopters. If there is ...
Post by: lnvolley24 on Sep 20, 2022
Content hidden