1. Refer to Figure to answer this question. If new technology increased the output of guns by 50 percent, how many guns could be produced if 6 tonnes of butter were produced?
A) 18 guns.
B) 20 guns.
C) 15 guns.
D) 10 guns.
E) 0 guns.
2. Refer to the graph above to answer this question. If this society chooses to produce 10 quirks, what is the maximum quantity of quarks it can produce?
A) 500 quarks.
B) 800 quarks.
C) No quarks.
D) 600 quarks.
3. Refer to the graph above to answer this question. What is the opportunity cost of producing the first 600 quarks?
A) It is 4 quirks.
B) It is 8 quirks.
C) It is 10 quirks.
D) The answer cannot be determined from the information given.
4. Refer to the graph above to answer this question. If Mendork's production is currently that indicated by point A, what is the (approximate) cost of producing one more quirk?
A) 100 quarks.
B) 50 quarks.
C) 25 quarks.
D) 200 quarks.
E) One more quark.
5. Refer to the graph above to answer this question. If Mendork's production is currently that indicated by point B, what is the opportunity cost of one more quark as output changes from point B to A?
A) 0.04 quirks.
B) 4 quirks.
C) 400 quirks.
D) 1 quirk.
E) 0.4 quirks.
6. Refer to the graph above to answer this question. If new technology increased the output of quirks by 50%, how many quirks could be produced if 600 quarks were produced?
A) 18 quirks.
B) 20 quirks.
C) 15 quirks.
D) 10 quirks.
E) No quirks.