Consider the following two tables.
Suppose that North Cantina is producing 2 hamburgers and 17 hot dogs while South Cantina is producing 2 hamburgers and 21 hot dogs.We can conclude that:
A) North Cantina is fully employing its resources but South Cantina is not
B) South Cantina is fully employing its resources but North Cantina is not
C) neither South Cantina nor North Cantina is fully employing its resources
D) both South Cantina and North Cantina are fully employing their resources
E) resources are perfectly shiftable between hotdogs and hamburgers
Correct Answer:
Verified
Q48: The notion of opportunity cost:
A)applies to consumers,
Q49: Q50: Q51: Which of the following is not an Q52: Q54: Assume that a change in government policy Q55: The production possibilities curve illustrates the basic Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents