Read table 2 and answer the Question.

In drawing a production possibilities curve, which of the following is (are) held constant?

Read table 2 and answer the Question.

Which of the following would not cause an economy’s production possibilities curve to shift to the right?

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Given the data in Table 2, as one moves successively from point F to points E, D, C, B, and A the opportunity cost of Hot Pockets:

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Given the data in Table 2, as one moves successively from point A to points B, C, D, E, and F the opportunity cost of eggos:

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Referring to Table 2, in moving from point D to point C, the opportunity cost of 1 more Hot Pockets is:

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According to the production possibilities curve in Table 2, a combination of 3 Hot Pockets and 15 Eggos:

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According to the production possibilities curve in Table 2, a combination of 12 Hot Pockets and 11 Eggos:

The following table provides cost and price information for an individual firm. The first
two columns represent the demand curve that the firm faces. The firm has a fixed amount
of capital equipment, but can change the level of other inputs such as labour and materials.
Calculate the missing values in the table, and use the table to answer.
(Make sure you answer each question using the production level specified.)

When production equals 7 units, the firm’s profit is:

The following table provides cost and price information for an individual firm. The first
two columns represent the demand curve that the firm faces. The firm has a fixed amount
of capital equipment, but can change the level of other inputs such as labour and materials.
Calculate the missing values in the table, and use the table to answer.
(Make sure you answer each question using the production level specified.)

To maximize its profit, the firm should produce: