1/2 units of bananas. This is lower than Indonesia’s opportunity cost of producing rice.2 units of bananas. This is higher than Indonesia’s opportunity cost of producing rice.2 units of bananas. This is lower than Indonesia’s opportunity cost of producing rice.Question 910 / 10 pointsFigure 3-2
Brazil’s Production Possibilities FrontierRefer to Figure 3-2. If the production possibilities frontier shown is for two months of production, thenwhich of the following combinations of peanuts and cashews could Brazil produce in two months?7 peanuts and 35 cashews5 peanuts and 100 cashews2 peanuts and 190 cashews3 peanuts and 150 cashewsQuestion 1010 / 10 pointsA production possibilities frontier is a straight line whenthe more resources the economy uses to produce one good, the fewer resources it has available to produce the other good.an economy is interdependent and engaged in trade instead of self-sufficient.the rate of tradeoff between the two goods being produced is constant.
the rate of tradeoff between the two goods being produced depends on how much of each good is being produced.Attempt Score:70 / 100 - 70 %Overall Grade(highest attempt):70 / 100 - 70 %
- Spring '15
- Economics, Business