Figure 3-1
Panel (a)
Panel (b)
-Refer to Figure 3-1.The rate of tradeoff between producing chairs and producing couches depends on how many chairs and couches are being produced in
A)Panel (a).
B)Panel (b).
C)both Panel (a)and Panel (b).
D)neither Panel (a)nor Panel (b).

Question

Figure 3-1
Panel (a)
Panel (b)  
-Refer to Figure 3-1.The rate of tradeoff between producing chairs and producing couches depends on how many chairs and couches are being produced in
A)Panel (a). 
B)Panel (b). 
C)both Panel (a)and Panel (b). 
D)neither Panel (a)nor Panel (b).

Quizplus · Accepted Answer

In Panel (a), the rate of tradeoff between producing chairs and couches depends on the quantities being produced, indicating a changing opportunity cost.