Thank you for visiting Refer to the figure Which of the following statements is not correct 1 Alan and Diana could each consume 150 muffins and 150 scones with. This page is designed to guide you through key points and clear explanations related to the topic at hand. We aim to make your learning experience smooth, insightful, and informative. Dive in and discover the answers you're looking for!
Answer :
Final answer:
By examining the points on the PPF, it's evident that neither Alan nor Diana can individually consume 250 muffins and 200 scones without trade, making option 3 the correct choice.so the correct option is 3) Neither Alan nor Diana could each consume 250 muffins and 200 scones without trade.
Explanation:
In the given figure, the Production Possibility Frontier (PPF) represents the maximum attainable combinations of muffins and scones for Alan and Diana with and without trade. Each point on the PPF indicates a specific combination of muffins and scones that can be produced. Without trade, Alan and Diana's production possibilities are constrained by their respective production capacities, depicted by the PPF's intercepts with the axes.
Option 3 states that neither Alan nor Diana could each consume 250 muffins and 200 scones without trade. This statement is accurate when analyzing the PPF. Without trade, Alan's production possibility is represented by point A, where he can produce 200 muffins and 100 scones. Diana's production possibility is represented by point D, where she can produce 150 muffins and 150 scones. Neither of these individual production possibilities reaches the combination of 250 muffins and 200 scones, confirming the correctness of option 3.
The PPF also illustrates the gains from trade, as the trade line shows combinations achievable through specialization and trade. With trade, Alan and Diana can consume beyond their individual production possibilities, reaching points such as E and F. However, option 3 specifically refers to the scenario without trade, making it clear that neither Alan nor Diana can individually consume 250 muffins and 200 scones within the constraints of their production capacities. Therefore, option 3 accurately identifies the incorrect statement based on the information provided in the figure.Thus the correct option is 3) Neither Alan nor Diana could each consume 250 muffins and 200 scones without trade.
Thank you for reading the article Refer to the figure Which of the following statements is not correct 1 Alan and Diana could each consume 150 muffins and 150 scones with. We hope the information provided is useful and helps you understand this topic better. Feel free to explore more helpful content on our website!
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