Solved

Figure 1.1 -Which One of the Following Statements Is FALSE with Regard

Question 18

Multiple Choice

Figure 1.1 -Which one of the following statements is FALSE with regard to Figure 1.1? A) Point A is an efficient point of production. B) Point B is an efficient point of production. C) The farmer incurs no opportunity cost as he expands production of soybeans. D) The opportunity cost of producing more corn is the lost production of soybeans. Figure 1.1
-Which one of the following statements is FALSE with regard to Figure 1.1?

A) Point A is an efficient point of production.
B) Point B is an efficient point of production.
C) The farmer incurs no opportunity cost as he expands production of soybeans.
D) The opportunity cost of producing more corn is the lost production of soybeans.

Correct Answer: