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1、1. AssumefortheUnitedStatesthattheopportunitycostofeachairplaneis50cars.WhichofthesepairsofpointscouldbeontheUnitedStates'productionpossibilitiesfrontier? a. (200airplanes,5,000cars)and(150airplanes,4,000cars) b. (200airplanes,12,500cars)and(150airpla
2、nes,15,000cars) c. (300airplanes,15,000cars)and(200airplanes,25,000cars) d. (300airplanes,25,000cars)and(200airplanes,40,000cars)ANSWER: bDIFFICULTY: ChallengingLEARNING OBJECTIVES: ECON.MANK.163-Givenagraphofaproductionpossibilitiesfrontier,identi
3、fyabundleasinefficient,efficient,feasible,orinfeasible.TOPICS: ProductionpossibilitiesmodelOpportunitycostKEYWORDS: BLOOM'S:AnalysisCUSTOM ID: 001.03.2-MC-MANK082. AssumeforBrazilthattheopportunitycostofeachcashewis100peanuts.Whichofthesepairsofpoi
4、ntscouldbeonBrazil’sproductionpossibilitiesfrontier? a. (200cashews,30,000peanuts)and(150cashews,35,000peanuts) b. (200cashews,40,000peanuts)and(150cashews,30,000peanuts) c. (300cashews,60,000peanut)and(200cashews,50,000peanuts) d. (300cashews,60,000p
5、eanuts)and(200cashews,80,000peanuts)ANSWER: aDIFFICULTY: ChallengingLEARNING OBJECTIVES: ECON.MANK.163-Givenagraphofaproductionpossibilitiesfrontier,identifyabundleasinefficient,efficient,feasible,orinfeasible.TOPICS: ProductionpossibilitiesmodelO
6、pportunitycostKEYWORDS: BLOOM'S:AnalysisCUSTOM ID: 002.03.2-MC-MANK083. Whatmustbegivenuptoobtainanitemiscalled a. out-of-pocketcost. b. comparativeworth. c. opportunitycost. d. absolutevalue.ANSWER: cDIFFICULTY: EasyLEARNING OBJECTIVES: ECON.MAN
7、K.302-Identifytheopportunitycostofanaction.TOPICS: EconomicthinkingOpportunitycostKEYWORDS: BLOOM'S:KnowledgeCUSTOM ID: 003.03.2-MC-MANK084. Theopportunitycostofanitemis a. thenumberofhoursthatonemustworkinordertobuyoneunitoftheitem. b. whatyougive
8、uptogetthatitem. c. alwayslessthanthedollarvalueoftheitem.CopyrightCengageLearning.PoweredbyCognero.Page 97 d. alwaysgreaterthanthecostofproducingtheitem.ANSWER: bDIFFICULTY: EasyLEARNING OBJECTIVES: ECON.MANK.302-Identifytheopportunitycost
