The slope of the PPF is: Negative and linear Negative and non-linear Positive and linear Positive...
The slope of the PPF is:
| Negative and linear |
| Negative and non-linear |
| Positive and linear |
| Positive and non-linear |
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Question 2 1 pts
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The axis's on the PPF show
The axis's on the PPF show
| Price and quantity of a single good |
| Price of one good and quantity of another good |
| Quantity of two different goods |
| Price of two different goods |
Homework Answers
1. A
the slope of the PPF is negative and linear.
Because the opportunity cost is constant as production of different goods is changing. It reflects the law of increasing opportunity cost.
2. C
quantity of two different goods.
the ppf shows the quantity of two different goods as it shows the combination of set of two goods which can be produced with the given resources and technology where the given resources are fully and efficiently utilized per unit time.
Add Answer to:
The slope of the PPF is:
Negative and linear
Negative and non-linear
Positive and linear
Positive...
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