Multiple Choice

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The above figure shows the production possibility frontier for a country. Suppose the country is producing at point A. What is the opportunity cost of increasing the production of rice to 12 tons?
A) 15 thousand bottles of wine
B) 12 tons of rice
C) 9 thousand bottles of wine
D) 6 thousand bottles of wine
E) Nothing, it is a free lunch
Correct Answer:
Verified
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