-Figure 2-5 Shows Five Different Combinations of Rockets and Cruise

question 75

Multiple Choice

-Figure 2-5 shows five different combinations of rockets and cruise ships that a country could manufacture.Suppose it decided to produce 18 rockets and 12 cruise ships.Which of the following would be true?

• A)This combination could not be produced.
• B)The country will be at point b.
• C)The country will be at point C.
• D)The country will not be fully utilizing its resources.
• E)The country will be at the midpoint of points B and D.

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Definitions:

Mark-up

Additional pricing on goods’ cost aimed to cover running expenses and secure profit.

Cost

The amount of money required to purchase something or the expense incurred to produce something.

Selling Price

The amount for which a good or service is sold to the customer.

Outstanding Balance

Represents the total amount of money owed on a loan, credit card, or any debt, remaining to be paid.