Question

c. Carl and Glenn neither Alex nor Adam (13. For each pair of jeans Columbia produces, it gives par or Jeans Columbia produces, it gives up the opportunity to make 50 pounds of chocolate trutlles. Mexico en produce one pair of jeans for every 10 ve one pair of jeans for every 100 pounds of chocolate truffles it produces. Suppose the data is converted into on possibilities frontiers (PPFs), with constant opportunity costs, for both countries. While chocolate truites produced is measured on the Ce is measured on the vertical axis and jeans produced are measured along the horizontal axis. Identity the come statement in this case. a. The slope of Mexico's production possibilities frontier is equal to 50. b. The slope of Mexico's production possibilities frontier is flatter than Columbia's. c. The slope of Mexico's production possibilities frontier is equal to 0.02. d. The slope of Mexico's production possibilities frontier is steeper than Columbia's. e. The slope of Columbia's production possibilities frontier is equal to 0.01.

Answer 1

Answer: (b)

the slope of production of possibility frontier of Mexico is flatter than Columbia.

Slope of Mexico : 100/1 = 100

Slope of Columbia: 50/1 : 50