Multiple Choice
-Refer to the table above, which gives five points a nation's PPF. What does point c mean?
A) If 8 units of X are produced, then 28 or more units of Y can be produced.
B) The opportunity cost of one more unit of X is 3.5 units of Y.
C) If 8 units of X are produced, then at most 28 units of Y can be produced.
D) The opportunity cost of one less unit of X is 3.5 units of Y.
Correct Answer:

Verified
Correct Answer:
Verified
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