English Deutsch Français Italiano Español Português 繁體中文 Bahasa Indonesia Tiếng Việt ภาษาไทย
All categories

Assume that the economy of Cuba can make two things: baseballs and cigars

2007-01-23 02:33:23 · 2 answers · asked by Anonymous in Social Science Economics

2 answers

I believe what you are looking for is a graph with baseballs on one axis and cigars on the other axis. The line then that you will draw will be a curve going from each axis. It will appear as a quarter of a circle or an oval. It will be this way instead of a straight line since the resources are not equally useful in production of each commodity. Thus, switching one unit of a resource from one of the commodities to the other will not give a one for one improvement in production. Hope this helps. Good luck.

2007-01-23 03:06:55 · answer #1 · answered by theeconomicsguy 5 · 0 0

The answer is obviously D.

2016-05-24 00:44:43 · answer #2 · answered by Anonymous · 0 0

fedest.com, questions and answers