Use the figure below to answer the following questions.
Figure 2.1.2
-Refer to the production possibilities frontier in Figure 2.1.2.Suppose that 50 units of Y are produced.Then
A) resources are not being fully utilized.
B) 9 units of X can be produced if all resources are used and assigned to the task for which they are the best match.
C) 7 units of X are being produced.
D) 6 units of X can be produced if all resources are used and assigned to the task for which they are the best match.
E) 6 units of X are being produced.
Correct Answer:
Verified
Q16: If Sam is producing at a point
Q17: Production efficiency is achieved when
A)the production possibilities
Q18: If Sam is producing at a point
Q19: A production possibilities frontier is negatively sloped
Q20: On a graph of a production possibilities
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