In the following Edgeworth box diagram for a country's production,

A) point T has greater output of the A good than does point R.
B) output of the A good is greater at point S as at point R.
C) a plotting of the output combinations along the "diagonal" results in the production-Possibilities frontier for this country.
D) good A is the relatively labor-intensive good and good B is the relatively capital-Intensive good.

Question

In the following Edgeworth box diagram for a country's production,

A) point T has greater output of the A good than does point R. 
B) output of the A good is greater at point S as at point R. 
C) a plotting of the output combinations along the "diagonal" results in the production-Possibilities frontier for this country. 
D) good A is the relatively labor-intensive good and good B is the relatively capital-Intensive good.

Quizplus · Accepted Answer

The Answer of In the following Edgeworth box diagram for a country's production,

A) point T has greater output of the A good than does point R. 
B) output of the A good is greater at point S as at point R. 
C) a plotting of the output combinations along the "diagonal" results in the production-Possibilities frontier for this country. 
D) good A is the relatively labor-intensive good and good B is the relatively capital-Intensive good.

In the Following Edgeworth Box Diagram for a Country's Production