Use the table below to answer the following questions.
Table 2.1.1
The following table gives points on the production possibilities frontier for goods X and Y.
-Refer to Table 2.1.1.What is true at point C?
A)If 8 units of X are produced, then at most 28 units of Y can be produced.
B)If 8 units of X are produced, then at least 28 units of Y can be produced.
C)If 8 units of X are produced, then only 36 units of Y can be produced.
D)If 28 units of Y are produced, then more than 8 units of X can be produced.
E)Some resources are unemployed.

Question

Use the table below to answer the following questions.
Table 2.1.1
The following table gives points on the production possibilities frontier for goods X and Y. 
-Refer to Table 2.1.1.What is true at point C?
A)If 8 units of X are produced, then at most 28 units of Y can be produced. 
B)If 8 units of X are produced, then at least 28 units of Y can be produced. 
C)If 8 units of X are produced, then only 36 units of Y can be produced. 
D)If 28 units of Y are produced, then more than 8 units of X can be produced. 
E)Some resources are unemployed.

Quizplus · Accepted Answer

At point C, the production of 8 units of X means that the maximum possible production of Y is 28 units, indicating a trade-off between producing X and Y.

Use the Table Below to Answer the Following Questions