A) 1 unit of steel is given up to get 75 units of wheat.
B) 2 units of steel are given up to get 75 units of wheat.
C) 1 unit of steel is given up to get 15 more units of wheat.
D) 2 units of steel are given up to get 15 more units of wheat.
82) (The following economy produces two products.)
Production Possibilities Table
Production Possibilities Table
| Product | A | B | C | D | E | F |
| Steel | 0 | 1 | 2 | 3 | 4 | 5 |
| Wheat | 100 | 90 | 75 | 55 | 30 | 0 |
Refer to the above table. In moving from possibility C to D, the cost of a unit of steel in terms of a unit of wheat is:
A) 10
B) 20
C) 25
D) 30
83) (The following economy produces two products.)
Production Possibilities Table
Production Possibilities Table
| Product | A | B | C | D | E | F |
| Steel | 0 | 1 | 2 | 3 | 4 | 5 |
| Wheat | 100 | 90 | 75 | 55 | 30 | 0 |
Refer to the above table. A change from possibility B to C means that:
A) 10 units of wheat are given up to get one more unit of steel.
B) 15 units of wheat are given up to get one more unit of steel.
C) 15 units of wheat are equal to one unit of steel.
D) 75 units of wheat are equal to one unit of steel.
84) The production possibilities curve represents which of the following?
A) the amount of goods attainable with variable resources
B) the maximum amount of goods attainable with variable resources