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Answer the question on the basis of the data given in the following production possibilities table, Production Possibilities (Alternatives) A B C D E F
Answer the question on the basis of the data given in the following production possibilities table, Production Possibilities (Alternatives) A B C D E F Capital Goods 10 8 6 4 2 Consumer Goods 20 36 46 50 52 Refer to the table. Which of the following combinations of capital goods and consumer goods represents an efficient use of the economy's scarce resources? 30 units of consumer goods and 6 units of capital goods 20 units of consumer goods and 8 units of capital goods O 46 units of consumer goods and 6 units of capital goods O 36 units of consumer goods and 4 units of capital goodsCapital Goods O Consumer Goods Refer to the diagram, Other things equal, this economy will shift its production possibilities curve outward the most if O the ratio of capital to consumer goods is minimized. O it chooses point C. O it chooses point B. it chooses point A.Quantity of D +N to O Quantity of C Refer to the budget line shown in the diagram. If the consumer's money income is $50, the prices of C and D cannot be determined. price of C is $5 and the price of D is $10. consumer can obtain a combination of 5 units of both C and D. price of C is $10 and the price of D is $5
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