Use the following to answer questions Production P ossibilities S chedule 2

$\begin{array}{cccccc}
&V & W & X & Y & Z\
\hline\text { Capital goods per period } & 0 & 1 & 2 & 3 & 4 \
\text { Consumer goods per period } & 20 & 18 & 14 & 8 & 0
\end{array}$
-(Exhibit: Production Possibilities Schedule 2)If an economy is producing at alternative W, the opportunity cost to it of producing at X is _______ unit(s)of consumer goods per period.

Question

Use the following to answer questions Production P ossibilities S chedule 2

$\begin{array}{cccccc}
&V & W & X & Y & Z\
\hline\text { Capital goods per period } & 0 & 1 & 2 & 3 & 4 \
\text { Consumer goods per period } & 20 & 18 & 14 & 8 & 0
\end{array}$
-(Exhibit: Production Possibilities Schedule 2)If an economy is producing at alternative W, the opportunity cost to it of producing at X is _______ unit(s)of consumer goods per period.

Quizplus · Accepted Answer

The opportunity cost of moving from W to X is the decrease in consumer goods, which is 18 - 14 = 4 units.

Use the Following to Answer Questions Production P Ossibilities S