Table 1.2 shows the hypothetical trade-off between different combinations of Stealth bombers and B-1 bombers that might be produced in a year with the limited U.S.capacity,ceteris paribus. Table 1.2
Production Possibilities for Bombers
On the basis Table 1.2,if the economy is currently producing at point C,what is the opportunity cost of producing at point B?
A) 45 B-1 bombers.
B) 35 Stealth bombers.
C) 180 Stealth bombers.
D) 10 B-1 bombers.
Correct Answer:
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Q91: Table 1.1 shows the hypothetical trade-off
Q92: Table 1.2 shows the hypothetical trade-off
Q93: Table 1.1 shows the hypothetical trade-off
Q94: Table 1.1 shows the hypothetical trade-off
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