$$\begin{array} { | l | l | l | }
\hline \text { Point } & \begin{array} { l }
\text { Production of grain } \
\text { (tons) }
\end{array} & \begin{array} { l }
\text { Production of cars } \
\text { (cars) }
\end{array} \
\hline \text { A } & 0 & 30 \
\hline \text { B } & 2 & 28 \
\hline \text { C } & 4 & 24 \
\hline \text { D } & 6 & 18 \
\hline \text { E } & 8 & 10 \
\hline \text { F } & 10 & 0 \
\hline
\end{array}$$
-The table above lists six points on the production possibilities frontier for grain and cars. What is the opportunity cost of producing the 5th ton of grain?
A) 3 cars per ton of grain
B) 6 cars per ton of grain
C) 16 cars per ton of grain
D) 2 cars per ton of grain

Question

$$\begin{array} { | l | l | l | } 
\hline \text { Point } & \begin{array} { l } 
\text { Production of grain } \
\text { (tons) }
\end{array} & \begin{array} { l } 
\text { Production of cars } \
\text { (cars) }
\end{array} \
\hline \text { A } & 0 & 30 \
\hline \text { B } & 2 & 28 \
\hline \text { C } & 4 & 24 \
\hline \text { D } & 6 & 18 \
\hline \text { E } & 8 & 10 \
\hline \text { F } & 10 & 0 \
\hline
\end{array}$$
-The table above lists six points on the production possibilities frontier for grain and cars. What is the opportunity cost of producing the 5th ton of grain?
A) 3 cars per ton of grain
B) 6 cars per ton of grain
C) 16 cars per ton of grain
D) 2 cars per ton of grain

Quizplus · Accepted Answer

The opportunity cost of producing the 5th ton of grain is the number of cars forgone. From point C (4 tons, 24 cars) to point D (6 tons, 18 cars), producing 2 more tons of grain results in 6 fewer cars. Thus, the opportunity cost per ton is 3 cars.

-The Table Above Lists Six Points on the Production Possibilities