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 tonnes?
A) 6 thousand bottles of wine
B) 9 thousand bottles of wine
C) 12 tonnes of rice
D) 15 thousand bottles of wine
E) Nothing, it is a free lunch.

Question

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 tonnes?
A) 6 thousand bottles of wine 
B) 9 thousand bottles of wine 
C) 12 tonnes of rice 
D) 15 thousand bottles of wine 
E) Nothing, it is a free lunch.

Quizplus · Accepted Answer

The Answer of  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 tonnes?
A) 6 thousand bottles of wine 
B) 9 thousand bottles of wine 
C) 12 tonnes of rice 
D) 15 thousand bottles of wine 
E) Nothing, it is a free lunch.

The Above Figure Shows the Production Possibility Frontier for a Country