Multiple Choice
The table below illustrates that,in one day,Tristan can produce either 12 fishing lures or mow 3 lawns,while Thomas can produce either 6 fishing lures or mow 6 lawns. TABLE 1- 1
-Suppose there are only two goods produced in our economy-snowplows and helicopters.If there is always a two- for- one tradeoff between the production of these two goods (in terms of opportunity cost) ,then the production possibilities boundary between snowplows and helicopters is
A) a downward- sloping straight line with slope equal to - 1.
B) a downward- sloping curve concave to the origin.
C) a downward- sloping curve convex to the origin.
D) a downward- sloping straight line.
E) circular.
Correct Answer:

Verified
Correct Answer:
Verified
Q63: Figure 1- 2 With a budget of
Q65: It has been observed that university enrollment
Q66: FIGURE 1- 1<br>With a budget of $200
Q67: The opportunity cost of producing good A
Q69: The table below illustrates that,in one
Q70: Figure 1- 2With a budget of $500
Q71: The diagram below shows two production possibilities
Q72: The table below shows that,in one
Q73: FIGURE 1- 5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5440/.jpg" alt="FIGURE 1-
Q114: With a budget of $500 000,a school