IC #3 (2-2-09, KEY)

Q #1. Based on the graph below, the equation of the line is:

a. Y = 80 – 20x (-2)

b. Y = 80 – 3x (-2)

c. Y = 80 + 20x (-3)

d. Y = 110 + 3x (-3)

e. Y = 140 – 3x (-0)

X

Y

	20	30

Q #2. The slope of a production possibility frontier (showing y and x) is a measure of:

a. The opportunity cost of producing another unit of X *(-0)

b. Efficiency (-3)

c. Technological change (-2)

d. Output (-2)

e. Resources (-3)