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davie08
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Microeconomics help!(5-5)
Refer to the above diagram. If society is currently producing the combination of bicycles and computers shown by point D, the production of 2 more units of bicycles:
Answer
a)cannot be realized because resources are fully employed.
b)will cost 1 unit of computers.
c)will cost 2 units of computers.
d)will cause some resources to become unemployed.
these questions always screw me up but I'm pretty sure it would cost 2 computers for the production of 2 more bicycles.
Homework Statement
Refer to the above diagram. If society is currently producing the combination of bicycles and computers shown by point D, the production of 2 more units of bicycles:
Answer
a)cannot be realized because resources are fully employed.
b)will cost 1 unit of computers.
c)will cost 2 units of computers.
d)will cause some resources to become unemployed.
Homework Equations
The Attempt at a Solution
these questions always screw me up but I'm pretty sure it would cost 2 computers for the production of 2 more bicycles.
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