-The Figure Above Shows a Production Possibilities Frontier

question 210

Multiple Choice

-The figure above shows a production possibilities frontier.In the figure,when the economy moves from point E to point D,what is the opportunity cost of a DVD?

• A) 0.25 cell phones
• B) 0.5 cell phones
• C) 1 cell phone
• D) 4 cell phones
• E) zero

---

Definitions:

Third Party

An entity involved in a transaction or legal situation who is neither the first (often the buyer or claimant) nor the second (often the seller or defendant) principal party.

Express Condition

A specific and explicitly stated requirement in a contract that must be met for contractual obligations to be fulfilled.

Certificate of Occupancy

An official document issued by a local government agency or building department certifying a building's compliance with applicable building codes and other laws, indicating it is in a condition suitable for occupancy.

Implied-in-Law Condition

A requirement understood within legal agreements or contracts, not explicitly stated but legally binding.