EBK KRUGMAN'S ECONOMICS F/AP COURSE
3rd Edition
ISBN: 9781319233822
Author: Anderson
Publisher: MPS PUB
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Question
Chapter 1R, Problem 11MCQ
To determine
The question requires us to determine the efficient combination of output.
Expert Solution & Answer
Explanation of Solution
The following graph represents the PPC for potatoes and fish in the Atlantis economy:
Atlantis can produce any combination of these two products which lies on the
So, the only possible combination from the given option is (1000, 0) i,e 1000 pounds of potatoes and 0 pounds of fish (point A) lies on the PPC represents the efficient combination.
Thus, option “a” is correct.
Economics Concept Introduction
The production possibility curve (PPC) represents the all possible combination of two goods that can be produced by using the given resources in an economy.
Chapter 1R Solutions
EBK KRUGMAN'S ECONOMICS F/AP COURSE
Ch. 1R - Prob. 1MCQCh. 1R - Prob. 2MCQCh. 1R - Prob. 3MCQCh. 1R - Prob. 4MCQCh. 1R - Prob. 5MCQCh. 1R - Prob. 6MCQCh. 1R - Prob. 7MCQCh. 1R - Prob. 8MCQCh. 1R - Prob. 9MCQCh. 1R - Prob. 10MCQ
Ch. 1R - Prob. 11MCQCh. 1R - Prob. 12MCQCh. 1R - Prob. 13MCQCh. 1R - Prob. 14MCQCh. 1R - Prob. 15MCQCh. 1R - Prob. 16MCQCh. 1R - Prob. 17MCQCh. 1R - Prob. 18MCQCh. 1R - Prob. 19MCQCh. 1R - Prob. 20MCQCh. 1R - Prob. 21MCQCh. 1R - Prob. 22MCQCh. 1R - Prob. 23MCQCh. 1R - Prob. 24MCQCh. 1R - Prob. 25MCQCh. 1R - Prob. 1FRQCh. 1R - Prob. 2FRQCh. 1R - Prob. 3FRQ
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