(Table: Production Possibilities Schedule II) Look at the table Production Possi

Question

(Table: Production Possibilities Schedule II) Look at the table Production Possibilities Schedule II. If the economy is producing at alternative X, the opportunity cost to it of producing at Y is ________ units of consumer goods per period.

A. 1

b. 6

c. 18

d. 2

(Table: Production Possibilities Schedule II) Look at the table Production Possibilities Schedule II. If the economy is producing at alternative X, the opportunity cost to it of producing at Y is ________ units of consumer goods per period.

A. 1

b. 6

c. 18

d. 2

Explanation / Answer

however schedule is not given in the question but opportunity cost can be found out by finding the numbe rof units that is being sacrificed ot produce one more unit of good Y.

Good X Good Y Marginal Oportunity cost 0 100 - 1 90 10 (100-90) 2 70 20 (90-70) 3 40 30 (70-40) 4 0 40 (40-0)

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