QUESTION IMAGE
Question
- match each graph with its description. *
d.
soda
- a
orange juice
an impossible production mix
the law of increasing opportunity cost
technological advances in the production of both
Analyze the graph features
The graph shows a standard bowed-out Production Possibilities Curve (PPC) with "soda" on the vertical axis and "orange juice" on the horizontal axis. Point A is located outside (to the right of) the curve.
Evaluate the position of Point A
Points lying outside the PPC represent combinations of goods that cannot be produced with the current resources and technology. Therefore, Point A represents an unattainable or impossible production mix.
Match with the given options
The options describe different aspects of a PPC. The description that matches the highlighted Point A is "An impossible production mix".
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- An impossible production mix (Correct answer)
- The law of increasing opportunity cost
- Technological advances in the production of both