According to foundation of economics by Robin Bade, in chapter page 80 the multiple choice question in table 1
1. Table 1 shows the PPF of an island community. Choose the best statement.
2. Table 1 shows the PPF of an island community. Choose the best statement. of an island community.
3. Table 1 shows the PPF of an island community. this community's opportunity cost of producing 1 pound of fish.
4. Table 1 shows the PPF of an island community. choose the best statement.
5. Mary makes 10 pies and 20 cakes a day and her opportunity cost of producing a cake is 2 pies. Tim makes 20 pies and 10 cakes a day and his opportunity cost of producing a cake is 4 pies. If Mary and Tim specialize in producing the goos in which they a comparative advantage.
Community’s opportunity cost of producing 1 pound of fish.
3. Table 1 shows the PPF