A-LevelEconomicsBasic economic ideas and resource allocation9708/12 · Oct/Nov 2019 · Q21 Mark
Which labels might be used on a production possibility curve diagram?
AY (vertical) axis: capital input, X (horizontal) axis: labour input
BY (vertical) axis: cost of production, X (horizontal) axis: quantity produced
CY (vertical) axis: output of rice, X (horizontal) axis: labour input
DY (vertical) axis: output of rice, X (horizontal) axis: output of sugar
✓ Correct answer
D: Y (vertical) axis: output of rice, X (horizontal) axis: output of sugar
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