Question
i don't understand how to solve a following question. Given the graph of the production possibilities frontier in the figure, which of the following statements
i don't understand how to solve a following question.
Given the graph of the production possibilities frontier in the figure, which of the
following statements is TRUE?
A) The country has 2 units of labor, and it takes 0.5 unit of labor to produce 1 unit of
either good.
B) The country has 3 units of labor, and it takes 1 unit of labor to produce three drums
and 1 unit of labor to produce 3 1/3 pairs of shoes.
C) The country has 4 units of labor, and it takes 2 units of labor to produce eight drums
and 3 units of labor to produce three shoes.
D) The country has 5 units of labor, and it takes 1 unit of labor to produce 1.8 drums and
1 unit of labor to produce 2.5 shoes.
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