Figure 2.3 Alt text for Figure 2.3: In figure 2.3, 3 graphs, A, B and C comparing production of cattle and llamas.
Long description for Figure 2.3: Graph A: the x-axis is labelled, llamas, and y-axis is labelled, cattle.A line slopes down from the top left corner of the quadrant, near the top of the y-axis to the bottom right corner, near the end of the x-axis.Graph B: the x-axis is labelled, llamas, and y-axis is labelled, cattle.A convex curve begins in the top left corner, near the top of the y-axis and ends in the bottom right corner, near the end of the x-axis.Graph C: the x-axis is labelled, llamas, and y-axis is labelled, cattle.A concave curve begins in the top left corner near the top of the y-axis, and ends in the bottom right corner, near the end of the x-axis.
-Refer to Figure 2.3.Sergio Vignetto raises cattle and llamas on his land.Half the land is more suitable for raising cattle and half the land is better suited for raising llamas.Which of the graphs in Figure 2.3 represent his production possibilities frontier?
A)Graph A
B)Graph B
C)Graph C
D)either Graph A or Graph C
E)either Graph B or Graph C

Question

Figure 2.3  Alt text for Figure 2.3: In figure 2.3, 3 graphs, A, B and C comparing production of cattle and llamas.
Long description for Figure 2.3: Graph A: the x-axis is labelled, llamas, and y-axis is labelled, cattle.A line slopes down from the top left corner of the quadrant, near the top of the y-axis to the bottom right corner, near the end of the x-axis.Graph B: the x-axis is labelled, llamas, and y-axis is labelled, cattle.A convex curve begins in the top left corner, near the top of the y-axis and ends in the bottom right corner, near the end of the x-axis.Graph C: the x-axis is labelled, llamas, and y-axis is labelled, cattle.A concave curve begins in the top left corner near the top of the y-axis, and ends in the bottom right corner, near the end of the x-axis.
-Refer to Figure 2.3.Sergio Vignetto raises cattle and llamas on his land.Half the land is more suitable for raising cattle and half the land is better suited for raising llamas.Which of the graphs in Figure 2.3 represent his production possibilities frontier?
A)Graph A 
B)Graph B 
C)Graph C 
D)either Graph A or Graph C 
E)either Graph B or Graph C

Quizplus · Accepted Answer

The production possibilities frontier (PPF) would be a straight line if half the land is equally suitable for raising cattle and the other half for llamas, indicating constant opportunity costs. Graph C represents a straight-line PPF.

Figure 23 Alt Text for Figure 2