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 South Cantina is producing at production alternative D, the opportunity cost of the third unit of capital goods is:
A) 3 units of consumer goods.
B) 4 units of consumer goods.
C) 5 units of consumer goods.
D) 6 units of consumer goods.
Correct Answer:
Verified
Q106: The concept of opportunity cost
A) is irrelevant
Q128: Opportunity cost is best defined as:
A)the monetary
Q129: A point inside the production possibilities curve
Q130: Q130: Which one of the following statements is Q131: Q133: Production possibilities tables for two countries, North Q134: Refer to the diagram below.Points A, B, Q136: The typical production possibilities curve is: Q137: 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)an upward