Multiple Choice
-The above table shows production combinations on a country's production possibilities frontier. The opportunity cost of increasing the production of Y from 16 to 28 units is ________ units of good X per unit of good Y.
A) 12
B) 6
C) 3
D) There is no opportunity cost when moving from one point to another along a production possibilities frontier so none of the above answers is correct.
Correct Answer:

Verified
Correct Answer:
Verified
Q320: Opportunity cost is best defined as<br>A) the
Q321: President Obama has proposed a goal that
Q322: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -Agnes can produce
Q323: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The above table
Q324: In goods markets _ and in factor
Q326: A reduction in the amount of unemployment<br>A)
Q327: Which of the following is NOT true
Q328: The nation's production possibilities frontier is bowed
Q329: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -A (very, very
Q330: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The table above