The figure given below shows the production possibilities frontier for education and food. In The opportunity cost of moving from point c to point b is _____.
Figure 2.3
A) 3 units of food
B) 22 units of education
C) 1 unit of food
D) 12 units of education
E) 62 units of education
Correct Answer:
Verified
Q88: A downward-sloping straight-line production possibilities frontier indicates:
A)that
Q93: On a bowed-out production possibilities frontier showing
Q95: If an economy is operating at a
Q109: A point outside the production possibilities frontier
A)represents
Q111: The figure below shows the production possibilities
Q113: The following figure shows the production possibilities
Q115: The figure below shows the production possibilities
Q117: The figure below shows the production possibilities
Q130: Along a bowed-out production possibilities frontier, as
Q132: A production possibilities frontier will be bowed
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents