The Diagram Below Shows Two Production Possibilities Boundaries for Country

question 82

Multiple Choice

The diagram below shows two production possibilities boundaries for Country X.
FIGURE 1-4
-Refer to Figure 1-4.If Country X,constrained by the production possibilities boundary PPB1,is producing the combination of goods indicated at point F,it can produce more consumer goods by moving to one of the points

• A)A or E.
• B)D or E.
• C)A,B,or C.
• D)A or B,but not C.
• E)A,B,C,D,or E.

---

Definitions:

Output

The total amount of goods and services produced by an economic system over a specific period.

Price

The sum of money anticipated, needed, or provided as payment for an item.

Monopoly Position

A market structure characterized by a single seller who has exclusive control over a product or service, leading to limited consumer choice.

Average Total Costs

The total costs of production (fixed plus variable costs) divided by the total quantity of output produced, indicating the average cost per unit of product.