-In the above figure, at point a, what is the opportunity cost of producing one more CD?
A) 2 DVDs.
B) 1 DVD.
C) 14 DVDs.
D) There is no opportunity cost.
Correct Answer:
Verified
Q1: A person who has an absolute advantage
Q3: When the production possibilities frontier is bowed
Q4: The principle of decreasing marginal benefit implies
Q5: Moving from one point on the production
Q6: One of the opportunity costs of economic
Q7: Scarcity is represented on a production possibilities
Q9: Q10: Markets Q149: A marginal cost curve Q213:
A)allow traders to enjoy gains from trade.
B)coordinate
A) is upward sloping.
B)
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