Exhibit 18-1 Production possibilities curves

-In Exhibit 18-1,the production possibilities curves of wheat and corn for Nabia and Pada are presented.In Pada the cost of producing one more unit of corn is equal to:

Question

Exhibit 18-1 Production possibilities curves
 
-In Exhibit 18-1,the production possibilities curves of wheat and corn for Nabia and Pada are presented.In Pada the cost of producing one more unit of corn is equal to:

Quizplus · Accepted Answer

The opportunity cost of producing one more unit of corn in Pada is 3 units of wheat, as indicated by the production possibilities curve.

Exhibit 18-1 Production Possibilities Curves