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-The Figure Above Shows the Production Possibilities Frontier for a Country.If

Question 69

Multiple Choice

  -The figure above shows the production possibilities frontier for a country.If the economy is operating at point B,then the opportunity cost of another million litres of milk is A) 1 litre of ice cream for a litre of milk. B) 3 litres of ice cream for a litre of milk. C) 4 litres of ice cream for a litre of milk. D) 1/3 of a litre of ice cream for a litre of milk. E) zero because after producing another million litres of milk then zero litres of ice cream are produced.
-The figure above shows the production possibilities frontier for a country.If the economy is operating at point B,then the opportunity cost of another million litres of milk is


A) 1 litre of ice cream for a litre of milk.
B) 3 litres of ice cream for a litre of milk.
C) 4 litres of ice cream for a litre of milk.
D) 1/3 of a litre of ice cream for a litre of milk.
E) zero because after producing another million litres of milk then zero litres of ice cream are produced.

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