The resources of Wild Coast Community Farm are not employed fully and efficiently.

It is impossible to increase the production of one good without reducing the production of the other good.

It is possible to produce either more kilograms of potatoes or more baskets of fish using the same available resources.

Only 2 baskets of fish and 70 kg of potatoes are made available to consumers.

more than 5 baskets of fish and more than 100 kg of potatoes.

a maximum of 5 baskets of fish and 100 kg of potatoes.

less than 5 baskets of fish and 100 kg of potatoes.

more than 5 baskets of fish and only 100 kg of potatoes.

increasing wants need to be satisfied.

in order to produce more of one good increasing amounts of another good must be sacrificed.

in order to produce more of one good decreasing amounts of another good must be sacrificed.

production takes time.

those combinations of goods and services that can be produced and those that can be consumed.

those combinations of goods and services that can be produced and those that cannot.

those resources that are limited and those that are unlimited.

those wants that are limited and those that are unlimited.

we can satisfy our all wants.

we face a tradeoff and incur an opportunity cost.

the opportunity cost is as low as possible.

om choice of the goods can be either on or within the production possibilities curve.