One point on a PPF shows production levels at 50 tons of coffee ...

[Yi-Chen]

One point on a PPF shows production levels at 50 tons of coffee and 100 tons of bananas. Remaining on the PPF, an increase of banana production to 140 tons shows coffee production at 30 tons.
 
  Still remaining on the PPF, coffee production at 10 tons allows banana production at 160 tons. The opportunity cost of a ton of bananas is A) constant because coffee production decreased by the same amount each time.
  B) decreasing, since the increase in banana production is less at each point considered.
  C) 16 to 1, that is every 1 ton of coffee given up will result in 16 more tons of bananas.
  D) increasing from 1/2 ton of coffee per ton of bananas to 1 ton of coffee per ton of bananas.

Question 2

What does the term commitment refer to in game theory?
 
  What will be an ideal response?

[randomguy133]

Answer to Question 1

D

Answer to Question 2

The term commitment refers to the ability to choose and stick with an action that might later be costly.

[Yi-Chen]

Correct answers!

[randomguy133]

Great! Please up vote