Answer the questions based on the figure below, which is for the country of Quantz Production Possibilities for Coffee and Tea Quantity of Coffee 12 10 00 8 6 U 20 40 60 80 Quantity of Tea How much tea is gained and what is the cost in coffee? a. In moving from U to V b. In moving from W to X c. In moving from Y to Z 40 tea is gained at the cost of 40 tea is gained at the cost of 10 tea is gained at the cost of 20 coffee. 60 coffee. 60 coffee.
Answer the questions based on the figure below, which is for the country of Quantz Production Possibilities for Coffee and Tea Quantity of Coffee 12 10 00 8 6 U 20 40 60 80 Quantity of Tea How much tea is gained and what is the cost in coffee? a. In moving from U to V b. In moving from W to X c. In moving from Y to Z 40 tea is gained at the cost of 40 tea is gained at the cost of 10 tea is gained at the cost of 20 coffee. 60 coffee. 60 coffee.
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Transcribed Image Text:Answer the questions based on the figure below, which is for the country of Quantz
Production Possibilities
for Coffee and Tea
Quantity of Coffee
12
10
00
8
6
U
20
40
60
80
Quantity of Tea
How much tea is gained and what is the cost in coffee?
a. In moving from U to V
b. In moving from W to X
c. In moving from Y to Z
40 tea is gained at the cost of
40 tea is gained at the cost of
10 tea is gained at the cost of
20 coffee.
60 coffee.
60 coffee.
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