-The Figure Above Shows a Production Possibilities Frontier

question 184

Multiple Choice

-The figure above shows a production possibilities frontier.In the figure,when the economy moves from point C to point B,what is the opportunity cost of a DVD?

• A) 0.5 cell phones
• B) 2 cell phones
• C) 0.5 million cell phones
• D) 2 million cell phones
• E) zero

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Definitions:

Liabilities

Financial obligations or debts that a company owes to others, such as loans, accounts payable, and mortgages.

Assets

Resources owned by a company that have economic value and can be converted into cash or are expected to generate income.

Advertising

The activity or profession of producing commercials, billboards, and other promotional materials to promote products or services.

Operating Expenses

Costs incurred during the normal functioning of a business, excluding pricing of goods sold.