Multiple Choice
An economy can produce either of these two combinations of goods X and Y: 1,000X and 0Y or 400Y and 0X.Furthermore,the opportunity cost between the two goods is always constant.Which of the following combinations of the two goods,X and Y,lies on the economy's production possibilities frontier?
A) 700 units of X and 280 units of Y
B) 600 units of X and 250 units of Y
C) 400 units of X and 150 units of Y
D) 90 units of X and 360 units of Y
E) 300 units of X and 280 units of Y
Correct Answer:

Verified
Correct Answer:
Verified
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Q56: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q57: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q58: Consider two points on the PPF: point
Q59: It is possible through trade for a
Q61: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q62: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q63: If there is an increase in the
Q64: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q65: The point where the PPF intersects the