Answer quickly please Which of the following would shift an economy's production possibilities curve to the left?Select one:O a. the country discovers a new energy sourceOb the country experiences a major natural disaster affecting its capital goodsC.an increase in the retirement' ageO d. a major increase in the number of people in the labour forceO e. dramatic increases in economic growth Suppose the cost of operating a 75 room hotel for a night is $6,000 and there are 5 empty rooms for tonight. Ifthe marginal cost of operating one room for one night is $40, the hotel manager should rent one of the emptyrooms only if a customer is willing to payOa.more than $80, as the marginal benefit will exceed the marginal cost.Ob more than $40, as the average benefit will exceed the marginal cost.O c. more than $80, as the average benefit will exceed the marginal cost.Od. more than $40, as-the marginal benefit will exceed the marginal cost.

Shift in production possibility curve. Factors that modify an economy's output, such as developments…

Which of the following would shift an economy's production possibilities curve to the left? Select one: a. the country discovers a new energy source O b. the country experiences a major natural disaster affecting its capital goods O c. an increase in the retirement' age d. a major increase in the number of people in the labour force O e. dramatic increases in economic growth

Which of the following would shift an economy's production possibilities curve to the left? Select one: a. the country discovers a new energy source O b. the country experiences a major natural disaster affecting its capital goods O c. an increase in the retirement' age d. a major increase in the number of people in the labour force O e. dramatic increases in economic growth

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter8: Perfect Competition

Section: Chapter Questions

Problem 6SCQ: A firms marginal cost curve above the average variable cost curve is equal to the films individual...

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