Economics Senimar 5

NBS-2B4Y

Economics for International Business

Class 5 questionsheet

Section A: Multiple choice questions.

Choose one correct answer to the following questions. Fully justify your choice.

|1. |The efficiency frontier has a convex shape because of:  |

| |  |

| |A.  |

| |consumer surplus. |

| | |

| |B.  |

| |diminishing returns. |

| | |

| |C.  |

| |profitability. |

| | |

| |D.  |

| |differentiation strategy. |

| | |...