Refer to Figure 2-3. Carlos Vanya grows tomatoes and strawberries on his land. A portion of his land is more suitable for growing tomatoes and the other portion is better suited for strawberry cultivation

Which of the graphs in Figure 2-3 represent his production possibilities frontier?
A) Graph A
B) Graph B
C) Graph C
D) either Graph A or Graph B
E) either Graph B or Graph C

C

Economics

You might also like to view...

A good for which the demand falls when income rises

a. demand curve b. income effect c. elastic d. inferior good

Economics

A source of business risk is a change in

A) technology. B) consumer preferences. C) input prices. D) All of the above

Economics