Answered: 4,800 3,600 1,900 10,00 20,00 30,00…

Business

Economics

4,800 3,600 1,900 10,00 20,00 30,00 40,00 50,00 Butter

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter5: Buying The Necessities

Section: Chapter Questions

Problem 20AA

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Question

Figure 2 shows the PPF for an economy that produces Butter and Guns. Suppose the economy is currently producing 30,000 units of butter and 3,600 guns. What is the economy's opportunity cost of producing 10,000 additional units of butter?

A) 600 Guns

B) 1,000 Guns

C) 1,400 Guns

D) 1,700 Guns

Guns -
5,900
5,500
4,800
3,600
1,900
10,00
20,00
30,00
40,00
50,00
Butter

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