PPC(F)

Front

Points B, D, and C represent ___________ use of resources.

Back

Efficient

Front

Point X represents an amount of production which is __________.

Back

Unfeasible

Front

What is the opportunity cost of moving from production from point B to D?

Back

50 Units of food

Front

What is the opportunity cost of moving from production from point D to B?

Back

150 units of clothes

Front

Predict: What would have to happen to achieve production at point F?

Back

Build more factories & hire more workers

Front

A company can use its current resources to produce hats and boots as shown in this production possibilities curve. Which of the following represents a movement from inefficiency to efficiency in this PPC? From T to S, From V to T, From S to V, From S to R, From S to U

Back

From T to S

Front

Generally, each successive unit of a good consumed will cause marginal utility to...

Back

Decrease (or "diminish")

Front

Point A on the graph below represents what level of production?

Back

Inefficient

Front

Which graph represents a PPC with a constant opportunity cost?

Back

Front

Which graph represents a PPC with an increasing opportunity cost?

Back