Solved

Figure 3-3 Ice Cream Is Measured in Kilograms

Question 99

Multiple Choice

Figure 3-3
Ice cream is measured in kilograms. Figure 3-3 Ice cream is measured in kilograms.   -Refer to Figure 3-3. Suppose that Ben and Jerry have both decided to produce at point A on their production possibilities frontiers. What do we know? A) This is not an efficient combination for either Ben or Jerry. B) Ben and Jerry are both allocating 1/2 their time to the production of each good. C) no other production point is as efficient for both Ben and Jerry to produce as point A. D) Both should always attempt to produce an equal number of cones and ice cream.
-Refer to Figure 3-3. Suppose that Ben and Jerry have both decided to produce at point A on their production possibilities frontiers. What do we know?


A) This is not an efficient combination for either Ben or Jerry.
B) Ben and Jerry are both allocating 1/2 their time to the production of each good.
C) no other production point is as efficient for both Ben and Jerry to produce as point A.
D) Both should always attempt to produce an equal number of cones and ice cream.

Correct Answer:

verifed

Verified

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

Related Questions