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 North Cantina is producing at production alternative B, the opportunity cost of the eleventh unit of consumer goods will be:
A) 10 units of capital goods.
B) 1/4 of a unit of capital goods.
C) 8 units of capital goods.
D) 1/8 of a unit of capital goods.
Correct Answer:
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Q106: The concept of opportunity cost
A) is irrelevant
Q128: Opportunity cost is best defined as:
A)the monetary
Q130: Q130: Which one of the following statements is Q131: Q132: Production possibilities tables for two countries, North Q134: Refer to the diagram below.Points A, B, Q135: The law of increasing opportunity costs states 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