Figure 2.4
-Refer to Figure 2.4.If the economy is currently producing at point Y, the opportunity cost of moving to point W is:

Name: Figure 2.4 -Refer to Figure 2.4.If the economy is currently producing at point Y, the opportunity cost of moving to point W is:
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Question

Figure 2.4 
-Refer to Figure 2.4.If the economy is currently producing at point Y, the opportunity cost of moving to point W is:

Quizplus · Accepted Answer

If the economy is producing at point Y, which is on the production possibilities frontier, moving to point W, which is inside the frontier, involves no opportunity cost because resources are not being fully utilized at point W.

Figure 2.4 -Refer to Figure 2.4.If the Economy Is Currently Producing at Currently