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

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Figure 1-7 shows the production possibilities boundary for an economy that produces two goods - cotton and bananas. 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.Suppose this economy is currently producing 1280 tonnes of cotton and 200 tonnes of bananas.What is the opportunity cost of increasing production of bananas by 100 tonnes? A) 100 tonnes of cotton B) 360 tonnes of cotton C) 360 tonnes of bananas D) 920 tonnes of cotton E) there is no opportunity cost 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.Suppose this economy is currently producing 1280 tonnes of cotton and 200 tonnes of bananas.What is the opportunity cost of increasing production of bananas by 100 tonnes?


Definitions:

Interresponse Time

The amount of time that elapses between two consecutive behaviors or responses.

DRO Schedule

Differential Reinforcement of Other behavior (DRO) is a behavioral strategy where reinforcement is delivered for any behavior that is not a specific undesired behavior.

Differential Reinforcement

A technique that applies reinforcement selectively to specific behaviors while excluding others, aiming to encourage desirable behavior changes.

Response Covariation

A phenomenon where changes in one behavior result in changes in another behavior, suggesting a relationship between behaviors.

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