-The above figure shows the production possibility frontier for a country.Suppose the country is producing at point D.What is the opportunity cost of increasing the production of rice to 15 tons?
A) 9 thousand bottles of wine
B) 6 thousand bottles of wine
C) 15 thousand bottles of wine
D) 12 tons of rice
E) Nothing, it is a free lunch.

Question

-The above figure shows the production possibility frontier for a country.Suppose the country is producing at point D.What is the opportunity cost of increasing the production of rice to 15 tons?
A) 9 thousand bottles of wine 
B) 6 thousand bottles of wine 
C) 15 thousand bottles of wine 
D) 12 tons of rice 
E) Nothing, it is a free lunch.

Quizplus · Accepted Answer

The opportunity cost of moving from point D to produce 15 tons of rice involves giving up 9 thousand bottles of wine, as indicated by the shift along the production possibility frontier.

-The Above Figure Shows the Production Possibility Frontier for a Country.Suppose