Solved

Table 1.4 -According to the Production Possibilities Schedule in Table 1.4, Which

Question 64

Question 64

Multiple Choice

Table 1.4

-According to the production possibilities schedule in Table 1.4, which of the following statements is true?

A) If one moves from choice 2 to choice 3, the opportunity cost of 20 more units of good B is 20 units of good A.
B) There are increasing opportunity costs associated with producing more of good B.
C) If one moves from choice 3 to choice 4, the opportunity cost of 20 more units of good B is 30 units of good A.
D) If one moves from choice 1 to choice 2, the opportunity cost of 20 more units of good B is 10 units of good A.
E) All of these

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q59: An example of opportunity cost:
A)is the Chinese

Q60: A factory is an example of:
A)capital.
B)scarcity.
C)an enterprise.
D)land

Q61: Figure 1.3
Figure 1.3 </p></div><svg width=

Q62: Figure 1.3
Figure 1.3 </p></div><svg width=

Q63: Table 1.4
Table 1.4 </p></div><svg width=

Q65: Table 1.4
Table 1.4 </p></div><svg width=

Q66: Figure 1.3
Figure 1.3 </p></div><svg width=

Q67: Figure 1.3
Figure 1.3 </p></div><svg width=

Q68: Figure 1.3
Figure 1.3 </p></div><svg width=

Q69: Figure 1.3
Figure 1.3 </p></div><svg width=

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents