-The above table shows production points on Sweet- Tooth Land's production possibilities frontier. Which of the following statements is true?
A) Producing 20 chocolate bars and 80 cans of cola is attainable, but inefficient.
B) Producing 30 chocolate bars and 38 cans of cola is only attainable with an increase in technology.
C) Producing 40 chocolate bars and 0 cans of cola is unattainable and inefficient.
D) Producing 0 chocolate bars and 100 cans of cola is both attainable and efficient.
Correct Answer:
Verified
Q19: The production possibilities frontier itself illustrates
A)all goods
Q30: Q32: We measure the marginal _ of a Q33: The production possibilities frontier Q34: When producing goods and services along a Q36: The production possibilities frontier is the boundary Q37: Production possibilities Q38: Marginal benefit curves slope _ and marginal Q39: Suppose a scientific breakthrough made free solar Q40: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A) shows how many