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ECS1501-25-Y
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Point
|
Production of cool drinks
|
Production of pizzas
|
A
|
40
|
0
|
B
|
28
|
3
|
C
|
20
|
5
|
D
|
12
|
7
|
E
|
0
|
10
|
This question is based on the following graph, which shows the production possibilities curve (PPC) of the Wild Coast Community Farm.
What is the opportunity cost to Wild Coast Community Farm of moving from point E to C?
This question is based on the following diagram.
Celia is a potato peeler for CanCan Foods. She decides to quit her job and instead work as a seamstress at CoverUp Clothing. This would cause
This question is based on the following diagram.
A movement from point A to point G represents a technological improvement in the production of both tables and chairs.
A
point inside the production possibilities curve indicates unemployment.
Production points inside the production possibilities curve
The production possibilities curve represents
The fact that opportunity costs increase while moving along a production possibilities curve suggests that a production possibilities curve for any economy will
If Thabang is producing at a point on his production possibilities curve, then he