(Table: Production Possibilities Schedule II) Use Table: Production Possibilities Schedule II.If an economy is producing at alternative W,the opportunity cost of producing at X is _____ unit(s) of consumer goods per period.

A) 0
B) 1
C) 4
D) 18

Question

Dinithi Jayakody · Accepted Answer

Final Answer : C, Explanation :  Moving from alternative W to X requires a sacrifice of 4 units of consumer goods per period, so the opportunity cost of producing at X is 4 units of consumer goods per period. Therefore, it is not the best choice. The best choice would be to produce at alternative W because it produces the highest combination of consumer and capital goods without sacrificing any units of consumer goods.

(Table: Production Possibilities Schedule II) Use Table: Production Possibilities Schedule II.If an economy is producing at alternative W,the opportunity cost of producing at X is _____ unit(s) of consumer goods per period.

A) 0
B) 1
C) 4
D) 18

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Learning Objectives

Related questions

(Table: Production Possibilities Schedule II) Use Table: Production Possibilities Schedule II.If an economy is producing at alternative W,the opportunity cost of producing at X is _____ unit(s) of consumer goods per period.A) 0B) 1C) 4D) 18

Definitions

Learning Objectives

Learning Objectives

Related questions

(Table: Production Possibilities Schedule II) Use Table: Production Possibilities Schedule II.If an economy is producing at alternative W,the opportunity cost of producing at X is _____ unit(s) of consumer goods per period.

A) 0
B) 1
C) 4
D) 18