Use the following to answer questions:
Figure: Coffee and Tea
-(Figure: Coffee and Tea) Refer to the figure. Which of the following is NOT a possible production level?
A) 20 million pounds of tea, 140 million pounds of coffee
B) 120 million pounds of tea, 80 million pounds of coffee
C) 100 million pounds of tea, 120 million pounds of coffee
D) both a and b
Correct Answer:
Verified
Q110: The slope of the production possibilities frontier
Q111: Iceland produces two goods: Viking hats (Y)
Q112: The fundamental idea behind the production possibilities
Q113: Iceland produces two goods: Viking hats (Y)
Q114: A production possibilities frontier shows:
A) the supply
Q116: Use the following to answer questions:
Figure: Coffee
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