Figure 19-3 Illustrates the Determination of an Efficient Output Mix

question 63

Multiple Choice

Figure 19-3 illustrates the determination of an efficient output mix in a two good economy.The output combination is represented by point Z and the consumption point of a representative consumer is W.The slope of the line zz represents the marginal rate of transformation [MRT].
-In Figure 19-3,at point Z:

• A)the MRT_XY is greater than the MRS_XY.
• B)the opportunity cost of producing an additional unit of good X equals 2 units of good Y.
• C)the resources in the economy are being used inefficiently.
• D)the slope of the production possibility frontier is greater than the slope of the line zz.

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