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)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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