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Table 1.4 Table 1.4: Production Possibilities Schedule Choice Good A Good B 1 2 3 4 5 100 90 70 40 0 0 20 40

Table 1.4

Table 1.4: Production Possibilities Schedule

Choice

Good A

Good B

1 2 3 4 5

100 90 70 40 0

0 20 40 60 80

According to the production possibilities schedule in Table 1.4, which of the following statements is true?

Group of answer choices

A) This economy could produce 100 units of good A and 20 units of good B.

B) If this economy were to fully and efficiently employ all its resources, it could provide 100 units of good A and 80 units of good B.

C) The opportunity cost of producing more of good B decreases as the amount of good B produced increases.

D) This economy could produce 70 units of good A and 40 units of good B.

E) The opportunity cost of producing more of good A decreases as the amount of good A produced increases.

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