× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
k
1
New Topic  
Llanis Llanis
wrote...
Posts: 626
Rep: 0 0
6 years ago
Suppose the production possibilities for two countries, producing either food or clothing, are shown in the above figure. They can each produce any linear combination as well. Measuring food on the horizontal axis, the joint production possibility frontier
A) will have a slope of -3/4 over the entire frontier.
B) will have a slope of -2 when less than 20 units of food are produced.
C) will have a slope of -1 when less than 20 units of food are produced.
D) will have a slope of -1/2 when less than 20 units of food are produced.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
Read 36 times
1 Reply

Related Topics

Replies
wrote...
6 years ago
D
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  890 People Browsing
Related Images
  
 992
  
 911
  
 2561
Your Opinion
Which is the best fuel for late night cramming?
Votes: 145