Use the Following to Answer Question

question 299

Multiple Choice

Use the following to answer question:
-(Figure: Wine and Wheat) Use Figure: Wine and Wheat.If this economy is producing 12 tons of wheat and 9,000 bottles of wine,we know the economy:

• A)is using its resources efficiently.
• B)is using its resources inefficiently.
• C)is producing at an unattainable point.
• D)has unemployment.

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Definitions:

Manufacturing Budget

A detailed financial plan that estimates the costs of production for a given period including direct materials, labor, and overhead.