-The above figure shows the production possibility frontier for a country.What is the opportunity cost to move from point D to point E?
A) 9 thousand bottles of wine
B) 15 thousand bottles of wine
C) 6 tonnes of rice
D) 6 thousand bottles of wine
E) Nothing,it is a free lunch.
Correct Answer:
Verified
Q80: A country produces only apples and bananas.Moving
Q81: Q82: As an economy increasingly specialises in producing Q83: A bowed out production possibilities frontier shows Q84: As an economy produces more of one Q86: A bowed-out production possibility frontier shows that Q87: If there is increasing opportunity cost,then,when moving Q88: The fact of increasing opportunity cost when Q89: The bowed out (concave)shape of the production Q99: A bowed out PPF reflects which of
A)that
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