menu
Sign up

Consider the Production Possibilities Frontier Displayed in the Figure

Question 10
Multiple Choice

img Consider the production possibilities frontier displayed in the figure shown.Which of the following statements is currently true? A) Producing at point A is the best choice, because some of both items are made. B) Producing at point D would be inefficient, since no books would be produced. C) Producing at point C is the best choice, because it's closest to the middle. D) Producing at point B is impossible.

Related questions
Q 11
The slope of a production possibilities frontier measures: A) the opportunity cost of producing one good in terms of the other good. B) the trade-off in the consumption of one good versus the other good C) how much of the resources must be used in order to produce one the goods. D) inefficient production of a good.
Q 12
Consider the production possibilities frontier displayed in the figure shown.A society should choose to produce: A) at point C because it is the safest. B) at point B because it represents the most the society can produce. C) at any point that produce some of each good. D) at any point on the frontier rather than inside it.
Q 13
Consider the production possibilities frontier displayed in the figure shown.The opportunity cost of a bushel of apples is: A) 3/20 watermelons. B) 1/20 watermelons. C) 1/40 watermelons. D) 1/30 watermelons.
logo
© 2020-2021 Cozyplus FZ LLC. All rights reserved