Fact Pattern 14-1 Flora, Who Owns and Operates Garden Fresh Organic Farms, Agrees

question 38

Multiple Choice

Fact Pattern 14-1
Flora, who owns and operates Garden Fresh Organic Farms, agrees to sell Harvesters Grocery a minimum quantity of fresh fruits and vegetables every week for three months.
-Refer to Fact Pattern 14-1.If bad weather destroys Flora's crops, the obligation to deliver produce to Harvesters is

• A) ​breached.
• B) ​discharged.
• C) ​not affected.
• D) ​suspended.

Understand the concept of the production possibilities frontier (PPF) and its assumptions.

Differentiate between attainable and unattainable points on the PPF.

Understand the implications of efficient resource use on the PPF.

Explain the concept of opportunity cost and its relationship to the PPF.