-The table above lists six points on the production possibilities frontier for grain and cars. What is the opportunity cost of producing the 5th ton of grain?
A) 16 cars per ton of grain
B) 6 cars per ton of grain
C) 3 cars per ton of grain
D) 2 cars per ton of grain

Question

-The table above lists six points on the production possibilities frontier for grain and cars. What is the opportunity cost of producing the 5th ton of grain?
A) 16 cars per ton of grain 
B) 6 cars per ton of grain 
C) 3 cars per ton of grain 
D) 2 cars per ton of grain

Quizplus · Accepted Answer

The opportunity cost of producing the 5th ton of grain is the number of cars that must be given up. If the table shows that moving from the 4th to the 5th ton of grain results in a decrease of 3 cars, then the opportunity cost is 3 cars per ton of grain.

-The Table Above Lists Six Points on the Production Possibilities