The Graph Below Is Mendork's Production Possibility Curve for the Only

question 41

Multiple Choice

The graph below is Mendork's production possibility curve for the only two goods that it produces-quirks and quarks.

-Refer to the graph above to answer this question.What is the opportunity cost of producing the first 700 quarks?

• A)It is 6 quirks.
• B)It is 10 quirks.
• C)It is 14 quirks.
• D)The answer cannot be determined from the information given.

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Definitions:

Actual State

The present condition or situation of a system, process, or object without any alterations or modifications.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, categorizing human needs into five levels from basic (such as physiological needs) to higher order (self-actualization).

Physiological Needs

The most basic human needs to be satisfied—water, food, shelter, and clothing.