Multiple Choice
A farmer can produce 10,000 pears on his one acre farmland.When he uses the same land for apple cultivation,a total of 5,000 apples can be produced.He realizes that with the introduction of a new fertilizer,he can increase the maximum production of apples to 7,000.The maximum production of pears,however,remains unchanged.Given that his production possibility frontier (PPF) is linear and apples are graphed on the Y-axis and pears on the X-axis,calculate the slope of his PPF.
A) -1.4
B) -0.2
C) -0.7
D) -0.4
Correct Answer:
Verified
Correct Answer:
Verified
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