Following is the production possibilities schedule for an economy producing two goods, Good A and Good B.Table 2.1
-Refer to Table 2.1. Identify the correct statement.
A) This economy can produce 100 units of A and 20 units of B.
B) The opportunity cost of producing more of A decreases as A increases.
C) The opportunity cost of producing more of B decreases as B increases.
D) This economy can produce 70 units of A and 40 units of B.
E) If this economy fully and efficiently employs all its resources, it can produce 100 units of A and 80 units of B.
Correct Answer:
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