The table below illustrates that,in one day,Tristan can produce either 12 fishing lures or mow 3 lawns,while Thomas can produce either 6 fishing lures or mow 6 lawns. $$\begin{array} { | l | c | c | }
\hline & \text { Fishing Lures } & \text { Mowed Lawns } \
\hline \text { Tristan } & 12 & 3 \
\hline \text { Thomas } & 6 & 6 \
\hline
\end{array}$$ TABLE 1- 1
-Suppose there are only two goods produced in our economy-snowplows and helicopters.If there is always a two- for- one tradeoff between the production of these two goods (in terms of opportunity cost),then the production possibilities boundary between snowplows and helicopters is
A)a downward- sloping straight line with slope equal to - 1.
B)a downward- sloping curve concave to the origin.
C)a downward- sloping curve convex to the origin.
D)a downward- sloping straight line.
E)circular.

Question

The table below illustrates that,in one day,Tristan can produce either 12 fishing lures or mow 3 lawns,while Thomas can produce either 6 fishing lures or mow 6 lawns. $$\begin{array} { | l | c | c | } 
\hline & \text { Fishing Lures } & \text { Mowed Lawns } \
\hline \text { Tristan } & 12 & 3 \
\hline \text { Thomas } & 6 & 6 \
\hline
\end{array}$$ TABLE 1- 1
-Suppose there are only two goods produced in our economy-snowplows and helicopters.If there is always a two- for- one tradeoff between the production of these two goods (in terms of opportunity cost),then the production possibilities boundary between snowplows and helicopters is
A)a downward- sloping straight line with slope equal to - 1.
B)a downward- sloping curve concave to the origin.
C)a downward- sloping curve convex to the origin.
D)a downward- sloping straight line.
E)circular.

Quizplus · Accepted Answer

The two-for-one tradeoff indicates a constant opportunity cost, which results in a linear production possibilities boundary.

The Table Below Illustrates That,in One Day,Tristan Can Produce Either