Figure 2-9
-Refer to Figure 2-9. Carlos Vanya grows tomatoes and strawberries on his land. A portion of his land is more suitable for growing tomatoes and the other portion is better suited for strawberry cultivation. Which of the graphs in Figure 2-3 represent his production possibilities frontier?

Question

Figure 2-9 
-Refer to Figure 2-9. Carlos Vanya grows tomatoes and strawberries on his land. A portion of his land is more suitable for growing tomatoes and the other portion is better suited for strawberry cultivation. Which of the graphs in Figure 2-3 represent his production possibilities frontier?

Quizplus · Accepted Answer

Graph C represents a production possibilities frontier that is bowed outwards, which indicates increasing opportunity costs. This shape is typical when different portions of resources (land, in this case) are better suited for producing different goods, such as tomatoes and strawberries.

Figure 2-9 -Refer to Figure 2-9. Carlos Vanya Grows Tomatoes and Strawberries