The above table shows the daily production possibilities for a nation.
-When the economy moves from point A to B in the above table, the opportunity cost of a computer in terms of televisions is
A) 10.
B) 2.5.
C) 2.
D) 0.5.
Correct Answer:
Verified
Q222: Economists define technology as
A) machines such as
Q229: A bowed outward production possibilities curve occurs
Q230: The law of increasing additional costs is
Q230: Which of the following is NOT an
Q231: All of society's applied knowledge on how
Q232: Which of the following is an assumption
Q236: The law of increasing opportunity cost implies
Q237: A point outside a production possibilities curve
Q238: The production possibilities curve bows outward because
A)
Q238: ![]()
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