-In the above figure, at point a what is the opportunity cost of producing one more audio tape?
A) 14 video tapes
B) 1 video tape
C) 2 video tapes
D) There is no opportunity cost.
Correct Answer:
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Q174: Q175: Q176: Q177: Which of the following causes the production Q178: When the production possibilities frontier is bowed Q180: Increasing opportunity cost is due to Q181: Moving from one point on the production Q182: As we move along a bowed- out Q183: A nation can produce at a point Q184: Marginal cost usually 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) ever
A) increases as more is