Which sentence is incorrect about this production possibility frontier? 100 90 80 70 60 50 40 30 20 10 3 8 9 10 Nuggets of gold (per hour) All points on the production possibility frontier are equally achievable with the given resrouces, and all points below and above the frontier are not achievable. O This economy can choose to produce 30 kilos of coal and 4 nuggets of glod per hour, but they wouldn't be using all of the available resources. O This economy can produce either 100 kilos of coal or 10 nuggets of gold per hour, but not both simultaneously. Producing 90 kilos of coal and 9 nuggets of gold per hour is beyond this economy's productive capacity. Kilos of coal (per hour)
Which sentence is incorrect about this production possibility frontier? 100 90 80 70 60 50 40 30 20 10 3 8 9 10 Nuggets of gold (per hour) All points on the production possibility frontier are equally achievable with the given resrouces, and all points below and above the frontier are not achievable. O This economy can choose to produce 30 kilos of coal and 4 nuggets of glod per hour, but they wouldn't be using all of the available resources. O This economy can produce either 100 kilos of coal or 10 nuggets of gold per hour, but not both simultaneously. Producing 90 kilos of coal and 9 nuggets of gold per hour is beyond this economy's productive capacity. Kilos of coal (per hour)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Which sentence is incorrect about this production possibility
frontier?
100
90
80
70
60
50
40
30
20
10
3
7.
8
10
Nuggets of gold (per hour)
All points on the production possibility frontier are equally achievable
with the given resrouces, and all points below and above the frontier are
not achievable.
O This economy can choose to produce 30 kilos of coal and 4 nuggets of
glod per hour, but they wouldn't be using all of the available resources.
O This economy can produce either 100 kilos of coal or 10 nuggets of gold
per hour, but not both simultaneously.
O Producing 90 kilos of coal and 9 nuggets of gold per hour is beyond this
economy's productive capacity.
Klos of coal (per hour)
4)
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