Table 1.2 shows the hypothetical trade-off between different combinations of Stealth bombers and B-1 bombers that might be produced in a year with the limited U.S. capacity, ceteris paribus.Table 1.2Production Possibilities for BombersCombinationNumber of B-1 BombersOpportunity cost(Foregone Stealth)Number of Stealth BombersOpportunity cost (Foregone B-1)A20NA195 B35 180 C45 150 D50 100NAOn the basis of your calculations in Table 1.2, what is gained by producing at point B rather than point C?
A. 30 Stealth bombers.
B. 10 B-1 bombers.
C. 45 B-1 bombers.
D. 180 Stealth bombers.
Answer: A
You might also like to view...
What is a matrix organization?
What will be an ideal response?
Which of the following is NOT a function of the International Monetary Fund?
A. administer an international foreign exchange system B. serve as lender of last resort for national governments C. establish and administer each nation's fiscal and monetary policies D. establish the SDR system nations utilize to settle international payment obligations
Refer to the information provided in Figure 6.9 below to answer the question(s) that follow. Figure 6.9Refer to Figure 6.9. The marginal utility of the third video game rental is
A. 0. B. 4. C. 8. D. 22.
Equilibrium is the condition that exists
A. when quantity demanded equals quantity supplied. B. when the demand curve intersects the price axis. C. when the demand curve intersects the quantity axis. D. whenever there is no government intervention in the market.