Exhibit 2-9

-Exhibit 2-9 represents two production possibilities frontiers for the country of Toyland.Currently,the country produces at point C.Which of the following would move the economy at point M where the same number of pizzas but fewer iPods are produced?
A) Using the existing resources more efficiently
B) A decrease in the quality of a resource used in the production of both pizzas and iPods
C) The discovery of a better technology that helps mostly the production of pizzas
D) An increase in the quantity of a resource that is used only in the production of iPods
E) A decrease in the quantity of a resource that is used only in the production of iPods
Correct Answer:
Verified
Q123: The law of increasing opportunity cost reflects
Q124: If an economy is operating at a
Q126: On a production possibilities frontier showing possible