Use the following to answer questions : 
-(Figure: Wine and Wheat) Look at the figure Wine and Wheat. If this economy is producing on the production possibility frontier, what would allow it to produce at point C?
Definitions:
Stated Value
A nominal value assigned to no-par shares by the issuing company, distinct from market value.
Par Value
The face value of a share of stock, as stated in the corporate charter, which may be unrelated to its market value.
No-Par Value Stock
Stock issued without a specified face value but which may have a stated value assigned by the company.
Stated Value
The value assigned to no-par-value stock by the board of directors of a company, which can then be used as the basis for accounting and legal purposes.
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