Wheat Cotton

200 ____

_____ 240

_____ 680

560 ____

For the next four problems, you will find actual points on the combined PPC of the two states. You will be given a value of one good, and you must calculate the maximum amount of the other good that the two states could produce working together.

200 Wheat:

A) 500 Cotton

B) 600 Cotton

C) 700 Cotton

D) 800 Cotton

E) None of the above

240 Cotton:

A) 880 Wheat

B) 640 Wheat

C) 520 Wheat

D) 480 Wheat

E) None of the above

680 Cotton:

A) 120 Wheat

B) 240 Wheat

C) 360 Wheat

D) 480 Wheat

E) None of the above

560 Wheat:

A) 120 Cotton

B) 240 Cotton

C) 360 Cotton

D) 480 Cotton

E) None of the above

In Virginia, what is the marginal rate of transformation between wheat and cotton? (Assume wheat is graphed on the vertical axis.)

A) -0.75

B) -1.333

C) -1.5

D) -2