Use the following to answer question(s):
Exhibit: Production Possibilities Schedule 1

-(Exhibit: Production Possibilities Schedule 1) If the economy produces 2 units of consumer goods per period, it also can produce at most _______ units of capital goods per period.
A) 30
B) 28
C) 24
D) 18

Question

Use the following to answer question(s): 
Exhibit: Production Possibilities Schedule 1
 
-(Exhibit: Production Possibilities Schedule 1) If the economy produces 2 units of consumer goods per period, it also can produce at most _______ units of capital goods per period.
A) 30 
B) 28 
C) 24 
D) 18

Quizplus · Accepted Answer

According to the Production Possibilities Schedule 1, if the economy produces 2 units of consumer goods per period, it can produce a maximum of 24 units of capital goods per period. Option A, B, and D are incorrect as they show a higher amount of capital goods production which is not possible with the given production possibilities in the schedule. Therefore, the best choice is C.

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