7. assume for brazil that the opportunity cost of each cashew is 100 peanuts. which of these pairs of points could be on brazil’s production possibilities frontier?

(a) (200 cashews, 30,000 peanuts) and (150 cashews, 35,000 peanuts)
(b) (200 cashews, 40,000 peanuts) and (150 cashews, 30,000 peanuts)
(c) (300 cashews, 60,000 peanut) and (200 cashews, 50,000 peanuts)
(d) (300 cashews, 60,000 peanuts) and (200 cashews, 80,000 peanuts)

While cell phones with holographic keyboards are currently in the introduction stage of the industry life cycle, tablet computers are in the growth stage. in the context of this scenario, which of the following statements is true? a. the industry for cell phones with holographic keyboards will face greater competition than the tablet industry. b. while the industry for cell phones with holographic keyboards will focus more on product innovation, the tablet industry will focus more on process innovation. c. while the industry for cell phones with holographic keyboards can reap the benefits of economies of scale, the tablet industry will experience no such benefits. d. the industry for cell phones with holographic keyboards will face price competition, whereas, in the tablet industry, the mode of competition will be non-price.

Both a demand curve and a demand schedule show how a. prices affect consumer demand. b. consumer demand affects income. c. prices affect complementary goods. d. consumer demand affects substitute goods.

If a society decides to produce consumer goods from its available resources, it is answering the basic economic question