Krugman's Economics For The Ap® Course
3rd Edition
ISBN: 9781319113278
Author: David Anderson, Margaret Ray
Publisher: Worth Publishers
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Question
Chapter 1R, Problem 8MCQ
To determine
The question requires us to determine the combination of output that can be produced by Atlantis.
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 (400, 600) i,e 400 pounds of potatoes and 600 pounds of fish lies on the PPC as shown by point D in the above graph.
Thus, option “c” 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
Krugman's Economics For The 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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