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