Figure 3-4
Lisa's Production Possibilities Frontier
Bryce's Production Possibilities Frontier 
-Refer to Figure 3-4.If the production possibilities frontiers shown are each for one year of working,then which of the following combinations of jackets and sweaters could Lisa and Bryce together produce in a given year?
Definitions:
Revenues
The income generated from normal business operations and includes discounts and deductions for returned merchandise.
Net Income
The total profit of a company after all expenses, including taxes and operating costs, have been subtracted from total revenues.
Monetary Unit Assumption
An accounting principle that assumes transactions and events can be expressed in monetary units.
Dollar Amounts
Units of currency used in financial transactions or accounting to represent values or costs.
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