Production possibilities tables for two countries, North Cantina and South Cantina: North Cantina
Production possibilities (alternatives) South Cantina
Production possibilities (alternatives) Refer to the above tables.If North Cantina is producing at production alternative B, the opportunity cost of the eleventh unit of consumer goods will be:
A) 10 units of capital goods.
B) 1/4 of a unit of capital goods.
C) 8 units of capital goods.
D) 1/8 of a unit of capital goods.
Correct Answer:
Verified
Q106: The concept of opportunity cost
A) is irrelevant
Q122: Q124: Q125: Production possibilities tables for two countries, North Q126: Q128: Opportunity cost is best defined as: Q129: A point inside the production possibilities curve Q130: Which one of the following statements is Q131: Refer to the following production possibilities curves.Curve Q132: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)the monetary