A nation can produce two products: tanks and autos. The table below is the nation's production possibilities schedule. The marginal opportunity cost of the fifth unit of tanks is
A)shift the production possibilities curve from PP1 to PP2.
B)shift the production possibilities curve from PP2 to PP1.
C)move the economy from A to C along PP1.
D)move the economy from A, B, or C on PP1 to D.

Question

A nation can produce two products: tanks and autos. The table below is the nation's production possibilities schedule.  The marginal opportunity cost of the fifth unit of tanks is
A)shift the production possibilities curve from PP1 to PP2. 
B)shift the production possibilities curve from PP2 to PP1. 
C)move the economy from A to C along PP1. 
D)move the economy from A, B, or C on PP1 to D.

Quizplus · Accepted Answer

The Answer of A nation can produce two products: tanks and autos. The table below is the nation's production possibilities schedule.  The marginal opportunity cost of the fifth unit of tanks is
A)shift the production possibilities curve from PP1 to PP2. 
B)shift the production possibilities curve from PP2 to PP1. 
C)move the economy from A to C along PP1. 
D)move the economy from A, B, or C on PP1 to D.

A Nation Can Produce Two Products: Tanks and Autos