Table 2.1.1 The Following Table Gives Points on the Production Possibilities Frontier

question 83

Multiple Choice

Table 2.1.1
The following table gives points on the production possibilities frontier for goods X and Y.

-From the data in Table 2.1.1, the production of 7 units of X and 28 units of Y is

• A)unattainable.
• B)attainable but leaves some resources unused or misallocated or both.
• C)on the PPF between points C and D.
• D)on the PPF between points B and C.
• E)outside the PPF.

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Definitions:

Point Mode

In spreadsheet applications, a mode that allows the user to select cells or ranges by using the mouse to point and click rather than typing cell references.

Arithmetic Calculations

Mathematical operations involving addition, subtraction, multiplication, and division.

Function

In programming, a named section of a code that performs a specific task; in mathematics, a relation between a set of inputs and a set of permissible outputs.

Insert Options

Features or commands in software that allow users to add new data or elements into documents, databases, or other applications.