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The Figure Given Below Shows the Post-Trade Production and Consumption

Question 48

Multiple Choice

The figure given below shows the post-trade production and consumption points in country Y. AB is the production-possibility curve of country Y. I1 is the community indifference curve of country Y. Here country Y's production-possibility curve indicates that it faces _____ marginal costs of production. The figure given below shows the post-trade production and consumption points in country Y. AB is the production-possibility curve of country Y. I<sub>1</sub> is the community indifference curve of country Y. Here country Y's production-possibility curve indicates that it faces _____ marginal costs of production. A) constant B) increasing C) decreasing D) fluctuating


A) constant
B) increasing
C) decreasing
D) fluctuating

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