Figure 2.4 Production Possibilities Frontier

-In Figure 2.4 one car can be produced at a cost of
A) one and two-thirds tons of wheat
B) two and one-third tons of wheat
C) three fifths tons of wheat
D) three sevenths tons of wheat

Question

Figure 2.4 Production Possibilities Frontier
 
-In Figure 2.4 one car can be produced at a cost of
A) one and two-thirds tons of wheat 
B) two and one-third tons of wheat 
C) three fifths tons of wheat 
D) three sevenths tons of wheat

Quizplus · Accepted Answer

The opportunity cost of producing one car is given as one and two-thirds tons of wheat, which means that producing one car requires sacrificing the production of one and two-thirds tons of wheat.