Use the Figure Below to Answer the Following Question

question 47

Multiple Choice

Use the figure below to answer the following question.

Figure 2.1.6
-Figure 2.1.6 shows the production possibilities frontier for a firm that produces pet food.Point A is ________ and point B is ________.This PPF ________ illustrate scarcity because ________.

• A)unattainable;attainable;does;because the firm cannot attain the points outside the frontier
• B)attainable;unattainable;does not;the firm can produce any quantity it wants if it is willing to pay a high enough price
• C)unattainable;attainable;does not;the firm can produce any quantity it wants if it is willing to pay a high enough price
• D)attainable;unattainable;does;the firm cannot produce points outside the frontier and as the firm moves along the PPF, it cannot produce more dog biscuits without producing less cat food
• E)attainable;unattainable;does not;it is downward sloping

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