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ECS1501-25-Y
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This question is based on the following graph, which shows the production possibilities curve (PPC) of the Wild Coast Community Farm.
If the Wild Coast Community Farm is producing at point H, which of the following statements is incorrect?
This question is based on the following graph, which shows the production possibilities curve (PPC) of the Wild Coast Community Farm.
If an improved technique for catching fish and farming potatoes is invented, the PPC could shift in such a way that the Wild Coast Community Farm can produce ________
Point
|
Production of X
|
Production of Y
|
A
|
0
|
40
|
B
|
3
|
36
|
C
|
6
|
28
|
D
|
9
|
16
|
E
|
12
|
0
|
This question is based on the following diagram.
Opportunity cost is reflected by a movement from point C to point B on curve AD.
Point
|
Production of chocolate bars
|
Production of cans of honeydew
|
A
|
0
|
100
|
B
|
10
|
90
|
C
|
20
|
70
|
D
|
30
|
40
|
E
|
40
|
0
|
Increasing opportunity cost occurs along a production possibilities curve because
The production possibilities curve is the boundary between
When production is efficient,