Multiple Choice
-The above figure shows the production possibility frontier for a country.Suppose the country is producing at point A.What would be the opportunity cost to increase the production of rice to 12 tonnes?
A) 15 thousand bottles of wine
B) 6 tonnes of rice
C) 6 thousand bottles of wine
D) 9 thousand bottles of wine
E) Nothing,it is a free lunch.
Correct Answer:
Verified
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