N3

Below are some production possibilities data for the mystical land of Lhanor. ABCDE Kaldors 0 4 8 12 16 Bouldings 60 54 42 24 0 Refer to the information above to answer this question. Suppose that Lhanor is currently producing combination B. What is the consequence of the production of Kaldors decreasing to 2? O The output of Bouldings will increase by 6. The opportunity cost of Bouldings will rise. O The output of Bouldings will increase by approximately 3. O The output of Bouldings will decrease. O The output of Bouldings will decrease by approximately 3. QUESTION 7 Tigris produces only two products: tennis balls and tennis racquets. Each worker comes with a fixed quantity of materials and capital, and the economy's labour force is fixed at 100 workers. The following table indicates the amounts of balls and racquets that can be produced daily with various quantities of labour: Number of Workers Daily production of Tennis Balls Number of Workers Daily Production of Racquets 20 80 20 30 40 150 40 50 60 200 60 65 80 230 80 75 100 250 100 80 a) Can Tigris produce 200 balls and 60 racquets? OA. Yes O B. No O C. Not enough information given to answer this question O D. Only if they gain more technology