Question 2 If Fred can produce 200 pounds of cabbage and no potatoes, or no cabbages and 100 pounds of potatoes, and if he faces a linear production possibilities frontier for his farm, what is the cost of an additional pound of potatoes? Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a 1/2 pound of cabbage b 2 pounds of cabbage 100 pounds of cabbage d 200 pounds of cabbageQuestion 4 What does economic efficiency mean? Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a All mutually beneficial resource trades have been made. b The economy has eliminated scarcity. C Goods can be reallocated to make multiple people better off. d The economy has produced the goods that people value most.Question 5 Imagine a restaurant with a small kitchen. When more labor is employed with a fixed amount of capital, what is one reason that diminishing marginal returns could occur here? Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer, a Workers will socialize instead of work. b One of the workers will likely be less skilled and could prepare the food incorrectly. C The more skilled workers could be assigned tasks that could be performed by less skilled workers, making them work inefficiently. d Workers could get in each other's way or not have enough equipment for everyone to do cooking tasks efficiently.Question 1 John has three options for the next hour of his time. In order, he prefers to watch TV, play ultimate Frisbee, and go for a walk. John chooses to watch TV for the hour. What is the opportunity cost of John watching TV? Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. going for a walk b playing ultimate Frisbee c going for a walk and playing ultimate Frisbee d the amount of money John could have earned working for an hour