Question

question 47 (2 points)
the table above presents the production possibilities frontier for a nation. using the information in the table, moving from possibility c to b means that
4 units of capital goods are given up to get 55 units of consumption goods.
2 units of capital goods are given up to get 55 additional units of consumption goods.
4 units of capital goods are given up to get 10 additional units of consumption goods.
4 units of capital goods are given up to get 45 units of consumption goods.
2 units of capital goods are given up to get 10 additional units of consumption goods.

Explanation:

Step1: Analyze capital goods change

At possibility \(C\), capital goods \(= 4\); at possibility \(B\), capital goods \(= 2\). The change in capital goods is \(4 - 2=2\) units (given up).

Step2: Analyze consumption goods change

At possibility \(C\), consumption goods \(= 45\); at possibility \(B\), consumption goods \(= 55\). The change in consumption goods is \(55 - 45 = 10\) units (additional).

Answer:

2 units of capital goods are given up to get 10 additional units of consumption goods.