Use the following to answer question:
-(Figure: Production Possibility Frontier) Use Figure: Production Possibilities Frontier.Points A,B,E,and F:
A) indicate combinations of cars and computers that society can produce using all of its resources efficiently.
B) show that the opportunity cost of cars increases as more cars are produced but that of more computers decreases as more computers are produced.
C) indicate that society wants computers more than cars.
D) indicate constant opportunity costs for cars and increasing opportunity costs for computers.
Correct Answer:
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Q103: Assume an economy is operating on its
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Q105: Efficient production occurs when the economy is
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