Use the Table Below to Answer the Following Questions

question 54

Multiple Choice

Use the table below to answer the following questions.
Table 2.1.1
The following table gives points on the production possibilities frontier for goods X and Y.
-The data in Table 2.1.1 illustrate that

• A)the opportunity cost of producing an additional unit of Y increases as the production of Y increases.
• B)the producer has a comparative advantage in the production of Y.
• C)the producer has a comparative advantage in the production of X.
• D)the opportunity cost of producing an additional unit of Y decreases as the production of Y increases.
• E)the opportunity cost of producing an additional unit of Y is constant as the production of X increases.

---

Definitions:

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution of data.

Outliers

Observations in a dataset that are significantly distant from the other observations, potentially indicating a measurement error or a different population.

Parameter

A numerical characteristic that describes a statistical population, such as a mean or standard deviation.

Mode

The value that appears most frequently in a data set, representing the highest peak in a distribution.