MrPaque Is a Bear Hunter for Timber Companies That Want

question 22

Multiple Choice

Mr.Paque is a bear hunter for timber companies that want to diminish damage to trees done by bears in the spring.Due to a reduction in the bear population between 1995 and 2005, Mr.Paque finds fewer bears each year and additional hours spent hunting produce fewer additional bears.This means that Mr.Paque's (i) overall productivity has fallen; (ii) marginal product has fallen.

• A)i and ii
• B)i not ii
• C)ii not i
• D)neither i nor ii

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Definitions:

Economy Will Produce

Refers to the total output of goods and services that an economy generates over a specific time frame.

Outside The Frontier

Referring to production or economic activity occurring at a level below the potential or efficient production frontier, indicating underutilization of resources.

Available Technology

Refers to the current set of tools, machinery, and methods that can be used to produce goods and services.

Inefficient Use

refers to the scenario where resources are not being utilized in the best possible manner, leading to waste or suboptimal outcomes.