Question
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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