The Above Figure Shows the Production Possibility Frontier for a Country

question 33

Multiple Choice

The above figure shows the production possibility frontier for a country. Suppose the country is producing at point A. What is the opportunity cost of increasing the production of rice to 12 tonnes?

• A) 6 thousand bottles of wine
• B) 9 thousand bottles of wine
• C) 12 tonnes of rice
• D) 15 thousand bottles of wine
• E) Nothing, it is a free lunch.

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Definitions:

Payroll Application

A program used to manage and process employee payment records, including wages, benefits, and taxes.

SaaS

Software as a Service, a cloud computing offering that provides users with access to a vendor's cloud-based software, eliminating the need for local installation or maintenance.

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A software application that is run and maintained on a remote server, accessible to users over the internet.

Type 1 Hypervisor

In a virtualization environment, a hypervisor that has the operating system running on top of the hypervisor. Also known as a native hypervisor.