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Table 2-1 Production Possibilities for Toyland

Question 265

Multiple Choice

Table 2-1
Production Possibilities for Toyland
Table 2-1 Production Possibilities for Toyland -Refer to Table 2-1.Which of the following statements is correct? A) The opportunity cost of an additional 100 dolls is constant at 50 fire trucks. B) The opportunity cost of an additional 100 dolls is constant at 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.
-Refer to Table 2-1.Which of the following statements is correct?


A) The opportunity cost of an additional 100 dolls is constant at 50 fire trucks.
B) The opportunity cost of an additional 100 dolls is constant at 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.

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