If Ying Can Increase Production of Houses Without Decreasing Production

question 52

Multiple Choice

If Ying can increase production of houses without decreasing production of any other product, then Ying

• A) is producing on his production possibilities frontier.
• B) is producing outside his production possibilities frontier.
• C) is producing inside his production possibilities frontier.
• D) must have constant opportunity costs.
• E) must prefer houses to any other product.

---

Definitions:

Treasury

Pertains to the management of an organization's revenues, expenditures, and investment strategies, often associated with government or corporate finance.

Authorized

Officially permitted or agreed upon, often referring to the maximum number of shares a corporation is legally allowed to issue.

Outstanding

Refers to shares that are currently owned by investors, including those held by public investors, institutional investors, and company insiders.

Cumulative

Referring to the total amount aggregated over a period of time.