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Food output Study the diagram and answer the question. -Production possibility frontier 25 B 20 15 10 G 5 H 0 10 15 20 25 30 Film output This production possibilities frontier is concave to the origin because: a) resources are equally substitutable between the production of food and films. b) society can have more food only if it produces more films. c) the cost of food in terms of films is constant. d) the opportunity cost of food in terms of films increases and more films are produced.

Food output Study the diagram and answer the question. -Production possibility frontier 25 B 20 15 10 G 5 H 0 10 15 20 25 30 Film output This production possibilities frontier is concave to the origin because: a) resources are equally substitutable between the production of food and films. b) society can have more food only if it produces more films. c) the cost of food in terms of films is constant. d) the opportunity cost of food in terms of films increases and more films are produced.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Food output Study the diagram and answer the question. -Production possibility frontier 25 B 20 15 10 G 5 H 0 10 15 20 25 30 Film output This production possibilities frontier is concave to the origin because: a) resources are equally substitutable between the production of food and films. b) society can have more food only if it produces more films. c) the cost of food in terms of films is constant. d) the opportunity cost of food in terms of films increases and more films are produced.
Transcribed Image Text:Food output Study the diagram and answer the question. -Production possibility frontier 25 B 20 15 10 G 5 H 0 10 15 20 25 30 Film output This production possibilities frontier is concave to the origin because: a) resources are equally substitutable between the production of food and films. b) society can have more food only if it produces more films. c) the cost of food in terms of films is constant. d) the opportunity cost of food in terms of films increases and more films are produced.
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