Multiple Choice
Table 1.3 shows the hypothetical trade-off between different combinations of brushes and combs that might be produced in a year with the limited capacity for Country X,ceteris paribus. Table 1.3
Production Possibilities for Brushes and Combs
Table 1.3
Production Possibilities for Brushes and Combs
On the basis of Table 1.3,what is the opportunity cost of producing at point M rather than point N?
A) 23 combs.
B) 21 combs.
C) 1 brush.
D) 2 brushes.
Correct Answer:

Verified
Correct Answer:
Verified
Q4: Table 1.2 shows the hypothetical trade-off
Q5: If an economy experiences increasing opportunity costs
Q6: Why do opportunity costs increase as society
Q7: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" Refer to Figure
Q8: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" Refer to Figure
Q10: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" Using Figure 1.3
Q11: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" An increase in
Q12: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" At which point
Q13: If an economy experiences constant opportunity costs
Q14: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" Using Figure 1.6,if