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R₁S₁, R₂S2, R3S3 and R4S4 are production possibility curves (PPC) for four different countries 1, 2, 3 and 4. B C good R D R₁ R3 R₂ R₁₂₁ O S₁ S₂ Which statement about the opportunity cost of good R in terms of good S is not correct? A It is greater at all points on R4S4 than on R3S3. It is greater in country 3 than country 2. It is lower in country 2 than country 1. It is the same at each point on R3S3. S3 S4 good S

R₁S₁, R₂S2, R3S3 and R4S4 are production possibility curves (PPC) for four different countries 1, 2, 3 and 4. B C good R D R₁ R3 R₂ R₁₂₁ O S₁ S₂ Which statement about the opportunity cost of good R in terms of good S is not correct? A It is greater at all points on R4S4 than on R3S3. It is greater in country 3 than country 2. It is lower in country 2 than country 1. It is the same at each point on R3S3. S3 S4 good S

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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RuSt, R2S2, RS; and R4Sa are production possibility curves (PPC) for four different countries 1, 2, 3 and 4.

Which statement about the opportunity cost of good R in terms of good S is not correct?

A It is greater at all points on R4S than on RaS3.

B It is greater in country 3 than country 2.

C It is lower in country 2 than country 1.

D It is the same at each point on RS3.

R₁S₁, R₂S2, R3S3 and R4S4 are production possibility curves (PPC) for four different countries 1, 2, 3 and 4. A B C good R D R₁ R₂ R₂ R₁ Which statement about the opportunity cost of good R in terms of good S is not correct? It is greater at all points on R4S4 than on R3S3. It is greater in country 3 than country 2. It is lower in country 2 than country 1. It is the same at each point on R3S3. O S₁ S₂ S3 S4 good S
Transcribed Image Text:R₁S₁, R₂S2, R3S3 and R4S4 are production possibility curves (PPC) for four different countries 1, 2, 3 and 4. A B C good R D R₁ R₂ R₂ R₁ Which statement about the opportunity cost of good R in terms of good S is not correct? It is greater at all points on R4S4 than on R3S3. It is greater in country 3 than country 2. It is lower in country 2 than country 1. It is the same at each point on R3S3. O S₁ S₂ S3 S4 good S
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