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-Refer to the Above Diagrams

Question 3

Multiple Choice

  -Refer to the above diagrams.The solid lines are production possibilities curves;the dashed lines are trading possibilities curves.The data contained in the production possibilities curves are based on the assumption of: A)  imperfect substitutability of resources as between beer and pizza production. B)  constant costs. C)  decreasing costs. D)  increasing costs.
-Refer to the above diagrams.The solid lines are production possibilities curves;the dashed lines are trading possibilities curves.The data contained in the production possibilities curves are based on the assumption of:


A) imperfect substitutability of resources as between beer and pizza production.
B) constant costs.
C) decreasing costs.
D) increasing costs.

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