Solved

Table 3-9 Assume That Maya and Miguel Can Switch Between Producing Mixers

Question 167

Multiple Choice

Table 3-9
Assume that Maya and Miguel can switch between producing mixers and producing toasters at a constant rate.
Table 3-9 Assume that Maya and Miguel can switch between producing mixers and producing toasters at a constant rate. ​   -Refer to Table 3-9. We could use the information in the table to draw a production possibilities frontier for Maya and a second production possibilities frontier for Miguel. If we were to do this, measuring toasters along the horizontal axis, then A) the slope of Maya's production possibilities frontier would be -2 and the slope of Miguel's production possibilities frontier would be -2. B) the slope of Maya's production possibilities frontier would be -0.5 and the slope of Miguel's production possibilities frontier would be -0.5. C) the slope of Maya's production possibilities frontier would be -1.67 and the slope of Miguel's production possibilities frontier would be -1.67. D) the slope of Maya's production possibilities frontier would be -0.6 and the slope of Miguel's production possibilities frontier would be -0.6.
-Refer to Table 3-9. We could use the information in the table to draw a production possibilities frontier for Maya and a second production possibilities frontier for Miguel. If we were to do this, measuring toasters along the horizontal axis, then


A) the slope of Maya's production possibilities frontier would be -2 and the slope of Miguel's production possibilities frontier would be -2.
B) the slope of Maya's production possibilities frontier would be -0.5 and the slope of Miguel's production possibilities frontier would be -0.5.
C) the slope of Maya's production possibilities frontier would be -1.67 and the slope of Miguel's production possibilities frontier would be -1.67.
D) the slope of Maya's production possibilities frontier would be -0.6 and the slope of Miguel's production possibilities frontier would be -0.6.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions