Table 2-1
$\text { Production possibilities for Poland }$
$\begin{array}{|l|l|}
\hline \text { Vodka (l) } & \text { Potatoes (kg) } \
\hline 1000 & 0 \
\hline 850 & 400 \
\hline 650 & 760 \
\hline 430 & 900 \
\hline 175 & 1200 \
\hline 0 & 1700 \
\hline
\end{array}$
-Refer to Table 2-1.What is the most accurate statement about the opportunity cost of producing an additional 25 litres of vodka in Poland?

Question

Table 2-1
 $\text { Production possibilities for Poland }$
$\begin{array}{|l|l|}
\hline \text { Vodka (l) } & \text { Potatoes (kg) } \
\hline 1000 & 0 \
\hline 850 & 400 \
\hline 650 & 760 \
\hline 430 & 900 \
\hline 175 & 1200 \
\hline 0 & 1700 \
\hline
\end{array}$
-Refer to Table 2-1.What is the most accurate statement about the opportunity cost of producing an additional 25 litres of vodka in Poland?

Quizplus · Accepted Answer

The opportunity cost of producing an additional unit of a good (in this case, vodka) typically changes based on the current production levels and the production possibilities frontier. This is because resources are not perfectly adaptable to the production of all goods, so as more of one good is produced, the resources less suited to its production are used, increasing the opportunity cost.

Table 2-1 Production possibilities for Poland \text { Production possibilities for Poland } Production possibilities for Poland -Refer to Table 2-1

Table 2-1 $\text { Production possibilities for Poland }$ -Refer to Table 2-1