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Figure 3-3 Ice Cream and Cones Are Measured in Kilograms

Question 16

Multiple Choice

Figure 3-3
Ice cream and cones are measured in kilograms. Figure 3-3 Ice cream and cones are measured in kilograms.   -Refer to Figure 3-3. Suppose that Ben and Jerry have both decided to produce at point A on their production possibilities frontiers. What can we infer from this information? A)  that this is not an efficient combination for neither Ben nor Jerry B)  that Ben and Jerry are both allocating 1/2 their time to the production of each good C)  that no other production point is as efficient for both Ben and Jerry to produce as point A D)  that the two must be trading with each other
-Refer to Figure 3-3. Suppose that Ben and Jerry have both decided to produce at point A on their production possibilities frontiers. What can we infer from this information?


A) that this is not an efficient combination for neither Ben nor Jerry
B) that Ben and Jerry are both allocating 1/2 their time to the production of each good
C) that no other production point is as efficient for both Ben and Jerry to produce as point A
D) that the two must be trading with each other

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