-Refer to the table above, which gives five points a nation's PPF. What does point c mean?
A) If 8 units of X are produced, then 28 or more units of Y can be produced.
B) The opportunity cost of one more unit of X is 3.5 units of Y.
C) If 8 units of X are produced, then at most 28 units of Y can be produced.
D) The opportunity cost of one less unit of X is 3.5 units of Y.

Question

-Refer to the table above, which gives five points a nation's PPF. What does point c mean?
A) If 8 units of X are produced, then 28 or more units of Y can be produced. 
B) The opportunity cost of one more unit of X is 3.5 units of Y. 
C) If 8 units of X are produced, then at most 28 units of Y can be produced. 
D) The opportunity cost of one less unit of X is 3.5 units of Y.

Quizplus · Accepted Answer

Point C on a PPF represents a combination of goods that can be produced using all available resources efficiently. If 8 units of X are produced, then at most 28 units of Y can be produced, as this is the maximum output possible given the resources.

-Refer to the Table Above, Which Gives Five Points a Nation's