Figure 1-7 Shows the Production Possibilities Boundary for an Economy

question 32

Multiple Choice

Figure 1-7 shows the production possibilities boundary for an economy that produces two goods - cotton and bananas. FIGURE 1-7
-Refer to Figure 1-7.A production possibilities boundary is shown for an economy that produces two goods - cotton and bananas,both measured in tonnes produced per year.Which of the following statements best describes the difference in opportunity costs that this economy faces at point A compared to point E?

• A)The opportunity cost is 1500 tonnes of cotton at point A,compared to 500 tonnes at point E.
• B)The opportunity cost is 500 tonnes of cotton at point A,compared to 1500 tonnes at point E.
• C)The opportunity cost of producing an extra tonne of bananas is much higher at point A than at point E.
• D)The opportunity cost of producing an extra tonne of bananas is much lower at point A than at point E.
• E)The opportunity cost of producing an extra tonne of bananas is the same at point A as at point E.

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Definitions:

Chemical Formula

A chemical formula is a way of presenting information about the chemical proportions of atoms that constitute a particular chemical compound or molecule.

Approximate Ph

An estimated measure of the acidity or alkalinity of a solution, typically on a scale of 0 to 14.

Ammonia

Ammonia is a compound of nitrogen and hydrogen that is a crucial intermediary in the nitrogen cycle, and is used in various biological and industrial processes.

Orbital Hybridization

A rearrangement of the orbitals in the valence shell that may occur when an atom forms covalent bonds with other atoms.