
Figure 3.3.1
-Which statement about the PPF in Figure 3.3.1 is true?
A) Inputs are equally productive in all activities.
B) Points inside the frontier represent impossible combinations of good X and good Y.
C) The opportunity cost of producing good X decreases as production of X increases.
D) The opportunity cost of producing good Y increases as production of Y increases.
E) Changes in consumer preferences for good X or good Y will shift the PPF.
Correct Answer:
Verified
Q68: Farmland can be used to produce either
Q69: Market supply is the
A) sum of the
Q70: Figure 3.3.1 Q71: Which statements are true? 1 Read a Q72: Sadiq attends classes at the college and Q74: Some producers are chatting over a beer. Q75: Figure 3.3.1 Q76: The law of supply tells us that, Q77: Dimitry earns $10 an hour working at Q78: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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