Solved

 Anaconda \quad\quad\quad\quad\quad\quad\text { Anaconda }  Bear \quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\text { Bear } -
the Table Above Gives the Production Possibilities Frontier for \text

Question 47

Multiple Choice

 Anaconda \quad\quad\quad\quad\quad\quad\text { Anaconda } Bear \quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\text { Bear }
 Production  Corn  Shoes  Production Corn  Shoes  point (tons)  (number)  point (tons)  (number)  A0 and 700 A0 and 1000 B1 and 650 B1 and 900C2 and 550C2 and 700D3 and 350D3 and 400E4 and 0E4 and 0\begin{array}{ccccccc}\hline \text { Production } & \text { Corn } && \text { Shoes } & \text { Production} & \text { Corn } && \text { Shoes }\\\text { point}&\text { (tons) }&&\text { (number) }&\text { point}&\text { (tons) }&&\text { (number) }\\\hline \mathrm{A} & 0 & \text { and } & 700 & \mathrm{~A} & 0 & \text { and } & 1000 \\\mathrm{~B} & 1 & \text { and } & 650 & \mathrm{~B} & 1 & \text { and } & 900 \\\mathrm{C} & 2 & \text { and } & 550 & \mathrm{C} & 2 & \text { and } & 700 \\\mathrm{D} & 3 & \text { and } & 350 & \mathrm{D} & 3 & \text { and } & 400 \\\mathrm{E} & 4 & \text { and } & 0 & \mathrm{E} & 4 & \text { and } & 0 \\\hline\end{array}
-
The table above gives the production possibilities frontier for two countries, Anaconda and Bear.
The opportunity cost of moving from production point B to production point C for Anaconda Equals ------------- and for Bear equals------------- .


A) 100 pairs of shoes; 200 pairs of shoes
B) 50 pairs of shoes; 100 pairs of shoes
C) 1 ton of corn; 1 ton of corn
D) 550 pairs of shoes; 700 pairs of shoes
E) 650 pairs of shoes; 900 pairs of shoes

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents