Multiple Choice
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The above figure shows the production possibility frontier for a country. Suppose the country is producing at point A. What would be the opportunity cost to increase the production of rice to 12 tons?
A) 15 thousand bottles of wine
B) 6 tons of rice
C) 9 thousand bottles of wine
D) 6 thousand bottles of wine
E) Nothing, it is a free lunch
Correct Answer:

Verified
Correct Answer:
Verified
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