Use the figure below to answer the following questions.
Figure 2.1.2
-Refer to the production possibilities frontier in Figure 2.1.2.At point C, what is the opportunity cost of increasing the production of Y from 20 to 50 units?
A)2 units of X
B)30 units of Y
C)20 units of Y
D)6 units of X
E)8 units of X

Question

Use the figure below to answer the following questions.
  Figure 2.1.2
-Refer to the production possibilities frontier in Figure 2.1.2.At point C, what is the opportunity cost of increasing the production of Y from 20 to 50 units?
A)2 units of X 
B)30 units of Y 
C)20 units of Y 
D)6 units of X 
E)8 units of X

Quizplus · Accepted Answer

At point C, the production of X is 40 units and the production of Y is 20 units. To increase the production of Y from 20 to 50 units, the production of X must decrease from 40 to 34 units. Therefore, the opportunity cost of increasing the production of Y from 20 to 50 units is 6 units of X.

Use the Figure Below to Answer the Following Questions