Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Figure 2 shows the PPF for an economy that produces Butter and Guns. Suppose the economy is currently producing 10,000 units of butter and 5,500 guns. What is the economy's opportunity cost of producing 10,000 additional units of butter?
A) 100 Guns
B) 300 Guns
C) 700 Guns
D) 900 Guns
Transcribed Image Text: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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