Moe Divides His Time Between Studying Physics and Studying Economics

question 81

Multiple Choice

Moe divides his time between studying Physics and studying Economics.He has discovered that he can earn grades as shown on this production possibilities curve.
Moe needs to earn at least an 80 in both economics and physics to keep his scholarship.Given his current PPC,an 80 in both classes is ______.

• A)infeasible
• B)attainable,but only if Moe is efficient
• C)efficient
• D)attainable,but inefficient

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Definitions:

Markdown

A reduction from the original selling price of products or services, often used to clear inventory or boost sales.

Liquidity Reduction

A decrease in the ease with which assets can be converted into cash without significant loss in value.

Cost of Goods Sold

An accounting term representing the direct expenses related to producing or purchasing the goods sold by a company during a given period.

Amortization

The process of gradually paying off debt over a period of time through scheduled, pre-determined payments.