Multiple Choice
Table 2-1. Production Possibilities for Toyland

-Refer to Table 2-1.Which of the following statements accurately describes the production possibilities for Toyland?
A) The opportunity cost of an additional 100 dolls is 50 fire trucks.
B) The opportunity cost of an additional 100 dolls is 100 fire trucks.
C) Toyland's production possibilities frontier is a straight, downward-sloping line.
D) The opportunity cost of an additional 100 dolls increases as more dolls are produced.
Correct Answer:
Verified
Related Questions
Q108: Table 2-1
Production Possibilities for Toyland
