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1 Oct 2018

Combination

A

B

C

D

E

Guns

1

2

3

4

5

Butters

20

18

14

8

0

a）What is the assumptions for a given production possibilities frontier?

b）From Point B to C, what is the opportunity cost of one gun?

c）Do these combinations demonstrate constant or increasing opportunity cost?

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Bunny Greenfelder
Bunny GreenfelderLv2
4 Oct 2018

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Related questions

18. Table 2.2 Production Possibilities Possibility Units of Butter Units of Guns Consider Table 2.2. According to this production possibility frontier, A) a combination of 6 butter and 1 gun would not employ all resources. B) a combination of O butter and 4 guns is attainable. C) resources are equally productive in all activities. D) the opportunity cost of producing guns increases as more guns are produced. E) the opportunity cost of producing guns decreases as more guns are produced.

4) Refer to Table 1. According to this production possibilities frontier, A) a combination of O butter and 4 guns is attainable. B) resources are equally useful in all activities. C) the opportunity cost of producing guns increases as more guns are produced. D) the opportunity cost of producing guns decreases as more guns are produced. E) a combination of 6 kilograms of butter and 1 gun leaves some resources unused.

- 25) Refer to Table 2.2. According to this production possibilities frontier, A) a combination of O butter and 4 guns is attainable. B) resources are equally useful in all activities. C) a combination of 6 butter and 1 gun would not employ all resources. D) the opportunity cost of producing guns decreases as more guns are produced. E) the opportunity cost of producing guns increases as more guns are produced.

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