Answer the question on the basis of the data given in the following production possibilities table: $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\underline{\text { Production Possibilities (Alternatives) }}$
$\begin{array}{ccccccc}&\underline{A}&\underline{B}&\underline{C}& \underline{D} &\underline{E}&\underline{F} \\ \text { Capital Goods } &5&4&3&2&1&0\\\text { onsumer Goods } & 0 & 5 & 9 & 12 & 14 & 15 \end{array}$ Refer to the table.If the economy is producing at production alternative C,the opportunity cost of the tenth unit of consumer goods will be:

Question

Answer the question on the basis of the data given in the following production possibilities table:

\quad

\quad

\quad

\quad

\quad

\quad

\quad

\quad

\underline{\text { Production Possibilities (Alternatives) }}

\begin{array}{ccccccc}&\underline{A}&\underline{B}&\underline{C}& \underline{D} &\underline{E}&\underline{F} \\ \text { Capital Goods } &5&4&3&2&1&0\\\text { onsumer Goods } & 0 & 5 & 9 & 12 & 14 & 15 \end{array}

Refer to the table.If the economy is producing at production alternative C,the opportunity cost of the tenth unit of consumer goods will be:

Quizplus · Accepted Answer

At alternative C, producing 9 consumer goods uses 3 capital goods. Moving to alternative D to produce 12 consumer goods uses 2 capital goods. The opportunity cost of producing 3 more consumer goods (from 9 to 12) is 1 capital good (from 3 to 2), so the cost per additional consumer good is 1/3 of a capital good.

Answer the Question on the Basis of the Data Given \quad

Answer the Question on the Basis of the Data Given $\quad$