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Exhibit 15-1 Production Possibilities Curves

Question 1

Multiple Choice

Exhibit 15-1 Production possibilities curves Exhibit 15-1 Production possibilities curves   -In Exhibit 15-1, the production possibilities curves of wheat and corn for Nabia and Pada are presented. In Pada the cost of producing one more unit of corn is equal to: A)  3 units of wheat. B)  3 units of corn. C)  1/3 unit of wheat. D)  15 units of wheat. E)  30 units of wheat.
-In Exhibit 15-1, the production possibilities curves of wheat and corn for Nabia and Pada are presented. In Pada the cost of producing one more unit of corn is equal to:


A) 3 units of wheat.
B) 3 units of corn.
C) 1/3 unit of wheat.
D) 15 units of wheat.
E) 30 units of wheat.

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