In the diagram in Question #7 above, A) a movement from point S to point T involves an increase in the capital/labor ratio used In the production of good A. B) if the PPF is plotted from the "contract curve" (or "production efficiency locus"), the Production combination of goods A and B associated with point R is on the PPF. C) if the PPF is plotted from the "contract curve" (or "production efficiency locus"), with Good A on the vertical axis and good B on the horizontal axis, the production Combination of goods A and B associated with the 0_B origin is at the origin of the PPF graph. D) if the PPF is plotted from the "contract curve" (or "production efficiency locus"),With good A on the vertical axis and good B on the horizontal axis, the production Combination of goods A and B associated with point T is further up the vertical Axis than the production combination associated with point S.

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Quizplus · Accepted Answer

The Answer of In the diagram in Question #7 above, A) a movement from point S to point T involves an increase in the capital/labor ratio used In the production of good A. B) if the PPF is plotted from the "contract curve" (or "production efficiency locus"), the Production combination of goods A and B associated with point R is on the PPF. C) if the PPF is plotted from the "contract curve" (or "production efficiency locus"), with Good A on the vertical axis and good B on the horizontal axis, the production Combination of goods A and B associated with the 0_B origin is at the origin of the PPF graph. D) if the PPF is plotted from the "contract curve" (or "production efficiency locus"),With good A on the vertical axis and good B on the horizontal axis, the production Combination of goods A and B associated with point T is further up the vertical Axis than the production combination associated with point S.

In the Diagram in Question #7 Above