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Figure 3-2 -Refer to Figure 3-2.Suppose Jerry's Production Possibilities Frontier Is Based

Question 52

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Figure 3-2
Figure 3-2    -Refer to Figure 3-2.Suppose Jerry's production possibilities frontier is based on 4 hours of work.Jerry requires A) 1/4 hour to produce 1 pound of ice cream and 3/8 hour to produce 1 pound of cones. B) 1/2 hour to produce 1 pound of ice cream and 3/4 hour to produce 1 pound of cones. C) 1 hour to produce 1 pound of ice cream and 2/3 hour to produce 1 pound of cones. D) 1 hour to produce 1 pound of ice cream and 3/2 hours to produce 1 pound of cones.
-Refer to Figure 3-2.Suppose Jerry's production possibilities frontier is based on 4 hours of work.Jerry requires


A) 1/4 hour to produce 1 pound of ice cream and 3/8 hour to produce 1 pound of cones.
B) 1/2 hour to produce 1 pound of ice cream and 3/4 hour to produce 1 pound of cones.
C) 1 hour to produce 1 pound of ice cream and 2/3 hour to produce 1 pound of cones.
D) 1 hour to produce 1 pound of ice cream and 3/2 hours to produce 1 pound of cones.

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