10) You are planning to run a hot dog stand during a forthcoming fair. You originally estimated that you will generate sales revenue of Rs.2000 and you have already spent Rs.1000 building the hot dog stand. The hot dog stand is nearly completed but now you est

11) If an economy is operating on its production possibilities frontier, it must produce less of one good if it produces more of another

12) Points outside the production possibilities frontier are attainable but inefficient

13) If an economy were experiencing substantial unemployment, the economy is producing inside the production possibilities frontier

14) The production possibilities frontier is bowed outward because the trade-offs between the production of any two goods are constant.