A point inside the production possibilities frontier is a. efficient but not feasible. b. feasible but not

Question:

A point inside the production possibilities frontier is

a. efficient but not feasible.

b. feasible but not efficient.

c. both efficient and feasible.

d. neither efficient nor feasible.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Principles Of Macroeconomics

ISBN: 9780357133491

9th Edition

Authors: N. Gregory Mankiw

See More Books

Question Posted: Sep 28, 2024 09:00 AM

See More Questions

Calculate the directional derivative in the direction of v at the given point. Remember to use a unit vector in your directional derivative computation. g(x, y, z) = xe-y, v = (1, 1, 1), P = (1,2,0)
What would you do if you were Steve?
The 10-kg block A is at rest against the 50-kg block B as shown. The coefficient of static friction μs is the same between blocks A and B and between block B and the floor, while friction between...
A point inside the production possibilities frontier is a. efficient but not feasible. b. feasible but not efficient. c. both efficient and feasible. d. neither efficient nor feasible.
A Sendai clothing wholesaler was preparing its sales budget for the first quarter of 20X8. Forecast sales are as follows (All values are in thousands of yen). January . 203,000 February 227,000...
Indicate the immediate effects (increase, decrease, no effect) of each of the following independent transactions on (1) the rate of return on shareholders equity, (2) the current ratio, and (3) the...
T he circular-flow diagram illustrates that, in markets for the factors of production, a. households are sellers, and firms are buyers. b. households are buyers, and firms are sellers. c. households...
O ver time, technological advances increase consumers incomes and reduce the price of smartphones. Each of these forces increases the amount consumers spend on smartphones if the income elasticity of...
Suppose a client observes the following two benchmark spreads for two bonds: Bond issue U rated A: 150 basis points Bond issue V rated BBB: 135 basis points Your client is confused because he thought...
The Challenge of Team Leadership Robyn is an inspirational leader with the type of personal qualities that employees find attractive. As a manager, she is respected by her employees for her command...
Airline alliances could either benefit or hurt passengers.How should the US Department of Transportation and its counterparts in the European Union and elsewhere determine whether a proposed airline...
Dual-Pivot Quicksort. In Class, We Looked At The Randomized Version Of Quicksort Algo- Rithm Where We Choose The Pivot Uniformly At Random. Consider A Variant Of The Randomized Quicksort Algorithm...
The MacLeish snowmobile trail map generated in the book is quite rudimentary. Generate your own map that improves upon the aesthetics and information content.
In production code, input errors must be handled as carefully as possible. Being lax in this regard leads to programming errors. For the infix to postfix algorithm, the precedence table must reflect...
Air at 300 K flows through a duct 50 m long with f = 0.019 . What is the minimum duct diameter which can carry the flow without choking if the entrance velocity is (a) 50 m/s, (b) 150 m/s, and (c)...
The liquidliquid extractor in Figure 8.1 operates at 100F and a nominal pressure of 15 psia. For the feed and solvent flows shown, determine the number of equilibrium stages to extract 99.5% of the...
The New York Times (Nov. 30, 1993) reported that the inability of OPEC to agree last week to cut production has sent the oil market into turmoil . . . [leading to] the lowest price for domestic crude...
This chapter discusses companies that are oligopolists in the market for the goods they that are oligopolists in the market for the inputs they buy. a. If sellers who are oligopolists try to increase...
Consider trade relations between the United States and Mexico. Assume that the leaders of the two countries believe the payoffs to alternative trade policies are as follows: a. What is the dominant...
Critical Thinking Problem 5.2 Worksheet and Financial Statements The account balances for the Patterson International Company on January 31, 2019, follow. The balances shown are after the first month...
Oriole Decor sells home decor items through three distribution channelsretail stores, the Internet, and catalog sales. Each distribution channel is evaluated as an investment center. Selected results...
A partnership has the following capital balances: x ( 5 0 percent of profits and losses ) = $ 1 5 0 , 0 0 0 ; percent of profits and losses

A point inside the production possibilities frontier is a. efficient but not feasible. b. feasible but not

Question:

Step by Step Answer:

Principles Of Macroeconomics

Students also viewed these Business questions