Suppose a country operates on its production possibility frontier ...

[ssal]

Suppose a country operates on its production possibility frontier when it produces 1000 books and 1000 tables. The combination of ________ reflects ________.
 
  A) 500 books and 1000 tables; an inefficient but attainable point
  B) 1000 books and 500 tables; an efficient point
  C) 1000 books and 1000 tables; a free lunch
  D) 500 books and 500 tables; an attainable and efficient point
  E) 1000 books and 1500 tables; a free lunch

Question 2

________ should be considered when conducting a cost-benefit analysis.
 
  A) Total costs and total benefits
  B) Only marginal costs and marginal benefits
  C) Only implicit costs and implicit benefits
  D) All costs and all benefits

[jojobee318]

Answer to Question 1

A

Answer to Question 2

B

[ssal]

YES! Correct, THANKS for helping me on my review

[bimper21]

Gracias!