The table below illustrates that,in one day,Tristan can produce either 12 fishing lures or mow 3 lawns,while Thomas can produce either 6 fishing lures or mow 6 lawns. $$\begin{array} { | c | c | c | }
\hline & \text { Fishing Lures } & \text { Mowed Lawns } \
\hline \text { Tristan } & 12 & 3 \
\hline \text { Thomas } & 6 & 6 \
\hline
\end{array}$$ TABLE 1- 1
-A straight- line production possibilities boundary differs from a concave boundary in which of the following ways?
A)The straight- line boundary does not show scarcity,whereas the concave boundary does.
B)The straight- line boundary shows opportunity cost,whereas the concave boundary does not.
C)The straight- line boundary illustrates constant opportunity costs,whereas the concave boundary illustrates increasing opportunity costs.
D)A straight- line boundary is associated with a command economy,whereas a concave boundary is associated with a free- market economy.
E)The concave boundary illustrates constant opportunity costs,whereas the straight- line boundary illustrates decreasing opportunity costs.

Question

The table below illustrates that,in one day,Tristan can produce either 12 fishing lures or mow 3 lawns,while Thomas can produce either 6 fishing lures or mow 6 lawns. $$\begin{array} { | c | c | c | } 
\hline & \text { Fishing Lures } & \text { Mowed Lawns } \
\hline \text { Tristan } & 12 & 3 \
\hline \text { Thomas } & 6 & 6 \
\hline
\end{array}$$ TABLE 1- 1
-A straight- line production possibilities boundary differs from a concave boundary in which of the following ways?
A)The straight- line boundary does not show scarcity,whereas the concave boundary does.
B)The straight- line boundary shows opportunity cost,whereas the concave boundary does not.
C)The straight- line boundary illustrates constant opportunity costs,whereas the concave boundary illustrates increasing opportunity costs.
D)A straight- line boundary is associated with a command economy,whereas a concave boundary is associated with a free- market economy.
E)The concave boundary illustrates constant opportunity costs,whereas the straight- line boundary illustrates decreasing opportunity costs.

Quizplus · Accepted Answer

A straight-line production possibilities boundary indicates constant opportunity costs, while a concave boundary indicates increasing opportunity costs due to the law of increasing opportunity costs.

The Table Below Illustrates That,in One Day,Tristan Can Produce Either