-The Above Table Shows Production Points on Sweet-Tooth Land's Production

question 366

Multiple Choice

-The above table shows production points on Sweet-Tooth Land's production possibilities frontier. Which of the following statements is TRUE?

• A) Producing 0 chocolate bars and 100 cans of cola is both attainable and efficient.
• B) Producing 20 chocolate bars and 80 cans of cola is attainable, but inefficient.
• C) Producing 30 chocolate bars and 38 cans of cola is only attainable with an increase in technology.
• D) Producing 40 chocolate bars and 0 cans of cola is unattainable and inefficient.

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Definitions:

Brokers

The people who organize transactions between buyers and sellers.

Money

A medium of exchange in the form of coins and banknotes; used to purchase goods and services or measure value and wealth.

Revenue

The income that a business earns from its normal business activities, usually from the sale of goods and services to customers.

Income

Money received, especially on a regular basis, for work or through investments.