In the following table of production possibilities for a country,
$\begin{array} { c c }
\text { Good X } & \text { Good Y } \
\hline 0 \text { units } & 13 \text { units } \
1 \text { unit } & 10 \text { units } \
2 \text { units } & 6 \text { units } \
3 \text { units } & 0 \text { units }
\end{array}$
There are __________ opportunity costs in the production of good X, and there are __________ opportunity costs in the production of good Y.
A) increasing; increasing
B) increasing; constant
C) constant; increasing
D) constant; decreasing

Question

In the following table of production possibilities for a country,
$\begin{array} { c c } 
\text { Good X } & \text { Good Y } \
\hline 0 \text { units } & 13 \text { units } \
1 \text { unit } & 10 \text { units } \
2 \text { units } & 6 \text { units } \
3 \text { units } & 0 \text { units }
\end{array}$
There are __________ opportunity costs in the production of good X, and there are __________ opportunity costs in the production of good Y.
A) increasing; increasing
B) increasing; constant
C) constant; increasing
D) constant; decreasing

Quizplus · Accepted Answer

The opportunity cost of producing Good X increases as more of it is produced (from 3 units of Y per unit of X to 6 units of Y per unit of X), indicating increasing opportunity costs for Good X. Similarly, the opportunity cost of producing Good Y increases as more of it is produced, indicating increasing opportunity costs for Good Y as well.

In the Following Table of Production Possibilities for a Country