Sam farms a 400-acre farm. Two hundred acres of the land are particularly rich i

Question

Sam farms a 400-acre farm. Two hundred acres of the land are particularly rich in a nutrient that is favorable to growing corn, but does not provide any extra benefits for wheat. Sam can grow 30 bushels of corn or 25 bushels of wheat on each of these special acres. The other 200 acres are not rich in the nutrient, so Sam can grow only 10 bushels of corn or the same 25 bushels of wheat per acre.
1. When a production possibilities frontier is bowed out, away from the origin, the opportunity cost of a good:
A. Falls as the quantity of this good increases

B. Stays the same at all quantities of the good

C. Increases as the quantity of this good increases

2. When a production possibilities frontier is a straight line, the opportunity cost of a good:

A. Stays the same at all quantities of the good

B. Falls as the quantity of this good increases

C. Increases as the quantity of this good increases

1. B
2. C
These are my answers, but i do not have confidence on my answers... would you please check my answer as well as explanation!! please!

Explanation / Answer

1. C  ... it's an exponential curve
2. A ... has same slope throughout the "curve"

Related Questions

Navigate

• Browse (All)
• Browse S
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.