Answered: The above table shows production…

The above table shows production combinations on a country's production possibilities curve. What is the opportunity cost of decreasing the production of good Y from 28 to 16 units?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Point
A
B
C
D
E
Production of X Production of Y
0
40
3
36
6
28
9
16
12
0
The above table shows production
combinations on a country's production
possibilities curve. What is the opportunity cost
of decreasing the production of good Y from 28
to 16 units?
O 12 units of good X
O 6 units of good X
There is no opportunity cost when moving
from one point to another along a
production possibilities curve.
O 3 units of good X

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