(Table: Production Possibilities Schedule II) Use Table: Production Possibilities Schedule II.If the economy is producing at alternative X,the opportunity cost of producing at Y instead of X is _____ units of consumer goods per period.

A) 0
B) 6
C) 8
D) 14

Question

Injam Madhavi · Accepted Answer

Final Answer : B, Explanation :  The opportunity cost is calculated by finding the difference in the number of units of consumer goods produced between the two alternatives. In this case, the difference between X and Y is 6 units of consumer goods. Therefore, the answer is B.

(Table: Production Possibilities Schedule II) Use Table: Production Possibilities Schedule II.If the economy is producing at alternative X,the opportunity cost of producing at Y instead of X is _____ units of consumer goods per period.

A) 0
B) 6
C) 8
D) 14

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Learning Objectives

Related questions

(Table: Production Possibilities Schedule II) Use Table: Production Possibilities Schedule II.If the economy is producing at alternative X,the opportunity cost of producing at Y instead of X is _____ units of consumer goods per period.A) 0B) 6C) 8D) 14

Definitions

Learning Objectives

Learning Objectives

Related questions

(Table: Production Possibilities Schedule II) Use Table: Production Possibilities Schedule II.If the economy is producing at alternative X,the opportunity cost of producing at Y instead of X is _____ units of consumer goods per period.

A) 0
B) 6
C) 8
D) 14