Solved

Figure 113 Shows Mendork's Production Possibility Curve for the Only Two

Question 48

Multiple Choice

Figure 1.13 shows Mendork's production possibility curve for the only two goods that it produces-guns and butter.
Figure 1.13 shows Mendork's production possibility curve for the only two goods that it produces-guns and butter. -Refer to Figure 1.13 to answer this question.What is the opportunity cost of one more tonne of butter as output changes from point b to a? A) 2 guns. B) 4 guns. C) 10 guns. D) 6 guns.
-Refer to Figure 1.13 to answer this question.What is the opportunity cost of one more tonne of butter as output changes from point b to a?


A) 2 guns.
B) 4 guns.
C) 10 guns.
D) 6 guns.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q43: What do economists assume is true about

Q44: What can we say is true as

Q45: Below are some production possibilities data for

Q46: Which of the following terms describes the

Q47: Which of the following is an alternative

Q49: Figure 1.13 shows Mendork's production possibility curve

Q50: The graph below is Mendork's production possibility

Q51: Below are some production possibilities data for

Q52: Explain how microeconomics differs from macroeconomics and

Q53: What do economists mean when they say