The Figure Given Below Shows the Production Possibilities Frontier for Mufflers

question 141

Multiple Choice

The figure given below shows the production possibilities frontier for mufflers and socks.The opportunity cost of moving from point b to d is: ​
Figure 2.4

• A)30 mufflers.
• B)50 mufflers.
• C)100 socks.
• D)150 socks.
• E)250 socks.

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Definitions:

AGI

Adjusted Gross Income, which is gross income minus adjustments, used to determine tax liability.

Coverdell Education Savings Account

A tax-advantaged savings account designed to fund education expenses, offering tax-free growth and withdrawals for qualifying educational costs.

Tax-Deductible

Expenses that can be subtracted from one's taxable income, effectively reducing the tax liability.

SIMPLE Plan

Savings Incentive Match Plan for Employees, a type of tax-deferred employer-provided retirement plan that allows small businesses to set aside money and invest it for employees.