Exhibit 2-15 Production Possibilities Curve

question 159

Multiple Choice

Exhibit 2-15 Production possibilities curve
-In Exhibit 2-15, if the economy moves from point L to point M, the opportunity cost of producing 10 more capital goods is:

• A) 40 less consumer goods.
• B) 25 less consumer goods.
• C) 15 less consumer goods.
• D) 15 more consumer goods.
• E) 25 more consumer goods.

---

Definitions:

Statutory Assignment

The transfer of rights or benefits from one party to another as regulated and permitted by law.

Assignee

The party to whom rights or duties under a contract are transferred by another party (the assignor).

Notice of Assignment

A formal notification that a contract or property has been legally transferred from one party to another.

Novation

The process of replacing an existing obligation with a new one, thereby extinguishing the original contract and starting anew.