Figure 2.2 -Refer to Figure 2.2. Steve Vignetto Raises Cattle and Llamas

question 29

Multiple Choice

Figure 2.2

-Refer to Figure 2.2. Steve Vignetto raises cattle and llamas on his land. A portion of his land is more suitable for raising cattle, and the other portion is better suited for raising llamas. Which of the graphs in Figure 2.2 represents his production possibility frontier?

• A)Graph A
• B)Graph B
• C)Graph C
• D)either Graph B or Graph C

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Definitions:

Direct Labor Hours

The total hours worked by employees directly involved in the production process, used in costing and pricing decisions.