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Below is the production possibilities table for the country of Lavaland.

Choice                      Number of tanks                 Number of pizza

A                                      0                                           15

B                                      4                                           14

C                                      7                                           12

D                                      9                                            9

E                                      11                                          5

F                                      12                                         0     

4. When the Lavaland is currently at the point A on its PPF, how the production of tanks can be increased?

a. The country can have both, more of thanks and more of pizza.

b. Production of tanks can be increased by decreasing the production of pizza.

c. Production of tanks can be increased by introducing a new technology

d. It is impossible in a given time to increase production of tanks

Microeconomics, Economics

  • Category:- Microeconomics
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