Table 2-3 Production Possibilities for Libraryland

question 255

Multiple Choice

Table 2-3
Production Possibilities for Libraryland

-Refer to Table 2-3.Which of the following statements is correct?

• A) The opportunity cost of an additional 100 books is constant at 50 magazines.
• B) The opportunity cost of an additional 100 books is constant at 100 magazines.
• C) Libraryland's production possibilities frontier is a straight, downward-sloping line.
• D) The opportunity cost of an additional 100 books increases as more books are produced.

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Definitions:

Persuasive

Having the power to influence or convince others to adopt a particular viewpoint or to take a specific action.

Longer Messages

Communications that contain more content or information, often used in the context of persuasion or information dissemination.

Logical Order

The arrangement of ideas, statements, or events in a sequence that follows a coherent and orderly pattern, often used to enhance understanding or argumentation.

Balance Theory

A theory which proposes that the motivation to maintain consistency among one’s thoughts colors how people form new attitudes and can also drive them to change existing attitudes.