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The table below shows the amounts of products that Company Z can produce together. Production Level Bags of Beans Bags of Rice A 60 0
The table below shows the amounts of products that Company Z can produce together.
Production Level | Bags of Beans | Bags of Rice |
---|---|---|
A | 60 | 0 |
B | 57 | 1 |
C | 53 | 2 |
D | 49 | 3 |
E | 42 | 4 |
F | 30 | 5 |
G | 25 | 6 |
H | 0 | 7 |
Which of the following statements is true? (2 points)
Resources are underutilized. | |
The data shows a constant opportunity cost. | |
The profits from sale of bags of beans are higher than profits from sale of bags of rice. | |
The opportunity cost of the second bag and seventh bag of rice are 53 and 0, respectively. | |
The opportunity cost of moving from production level A to B is lower than moving from D to E. |
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