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  3. b 8 6 c 4840d 4048 a 68 4 the...

Question: b 8 6 c 4840d 4048 a 68 4 the...

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b. 8; 6 c. 48:40d. 40,48 a. 6;8 4. The opportunity cost of producing more automobiles more automobiles are produced, reflecting the law of a. decreases; decreasing b. increases;constant opportunity costs. c. increases; increasing d. decreases; increasing 5. A production possibilities frontier for two outputs is drawn assuming that: a. opportunity cost is fixed, but the quantity and quality of resources changes. b. both outputs use the same quantity of each resource, but the technology differs. c. the amount of resources currently available for production is fixed. d. the technology available can only be applied to producing one of the outputs. Chapter 2 Assignments 39
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