-The Above Table Shows Production Combinations on a Country's Production

question 98

Multiple Choice

-The above table shows production combinations on a country's production possibilities frontier. Which of the following points signifies efficient production?

• A) 0 units of good X and 40 units of good Y
• B) 3 units of good X and 25 units of good Y
• C) 10 units of good X and 16 units of good Y
• D) 12 units of good X and 1 unit of good Y

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Definitions:

Major Repairs

Significant restorations or overhauls to property or equipment, intended to extend its useful life or enhance its value.

Ordinary Repair

Maintenance activities conducted regularly to keep assets in their current condition and prevent significant deterioration.

Taxable Estate

The total value of an individual’s estate that is subject to estate tax after deductions such as debts, funeral expenses, and charitable donations.

Administrative Expenses

Expenses that are not directly tied to the production of goods or services, such as salaries of administrative personnel, rent, and utilities.