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 Jack’s production possibilities \text { Jack's production possibilities }  Jill’s production possibilities \quad\quad\quad\quad\quad\quad\quad\quad\text { Jill's production possibilities }

Question 4

Multiple Choice

 Jack’s production possibilities \text { Jack's production possibilities } Jill’s production possibilities \quad\quad\quad\quad\quad\quad\quad\quad\text { Jill's production possibilities }
 Production  Food  Clothing Production  Food  Clothing  point  (pounds)   (pounds)   point  (pounds)   (pounds)   A 24 and 0A45 and 0 B 16 and 4B30 and 5 C 8 and 8C15 and 10 D 0 and 12D0 and 15\begin{array}{ccccccc}\hline\text { Production } & \text { Food } && \text { Clothing } & \text {Production } & \text { Food } && \text { Clothing }\\\text { point } & \text { (pounds) } && \text { (pounds) } & \text { point } & \text { (pounds) }&& \text { (pounds) }\\\hline\text { A } & 24 & \text { and } & 0 & A & 45 & \text { and } & 0 \\\text { B } & 16 & \text { and } & 4 & B & 30 & \text { and } & 5 \\\text { C } & 8 & \text { and } & 8 & C & 15 & \text { and } & 10 \\\text { D } & 0 & \text { and } & 12 & D & 0 & \text { and } & 15 \\\hline\end{array}
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In the table above, Jill's opportunity cost for 1 pound of food is-------------------- and her opportunity cost for 1 pound of clothing is--------------------.


A) 1/2 of a pound of clothing; 2 pounds of food
B) 1 pound of food; 1 pound of clothing
C) 1/3 of a pound of clothing; 3 pounds of food
D) 2 pounds of clothing; 2 pounds of food
E) 1 pound of clothing; 4 pounds of food

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