Currently an Economy Is Producing at a Point on Its

question 75

Multiple Choice

Currently an economy is producing at a point on its production possibilities frontier for goods X and Y.It is producing 100 units of good X and the opportunity cost of producing 1X is 3Y.If good X is produced at increasing opportunity costs,then when the economy produces 120 units of good X (on the same PPF) the opportunity cost of producing 1X could be ______Y.

• A) 4
• B) 2.5
• C) 2
• D) 1
• E) all of the above

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Definitions:

Communications Technology

The array of systems and devices used to transmit, receive, and exchange information, including telephones, radios, computers, and the internet.

Personal Computers

Electronic devices that are used by individuals for personal, rather than business or organizational, purposes to perform various tasks.

Job Analysis

The process of studying and collecting information about a job's tasks, responsibilities, and the necessary skills for performance.

HRM Functions

The diverse roles and responsibilities of the Human Resources Management department, including recruitment, training, performance appraisal, and compensation management.