Multiple Choice
A country that uses all its resources efficiently is presently producing 150 cars and 500 telephones. If it switches to producing 250 cars and 200 telephones, then the opportunity cost of the extra 100 cars produced is:
A) impossible to determine from the information given.
B) 300 telephones.
C) 200 telephones.
D) 500 telephones.
Correct Answer:
Verified
Correct Answer:
Verified
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