1-3. A country produces goods X and Y and has the following equation for its production possibilities frontier: Y = 1000 - 90X - X", OSXs 10 Questions 1 through 3 concern this country. 1. When the economy is producing 6 units of X and 424 units of Y, what is the opportunity cost of X? A) O B) 12 C) 78 D) 82 E) 84 F) 90 G) 94 H) 96 I) 102 J) none of the above 2. When the economy is producing 4 units of X and 524 units of Y, what is the opportunity cost of X? A) O B) 8 C) 78 D) 82 E) 84 F) 90 G) 94 H) 98 I) 102 J) none of the above 3. We can tell that this economy has decreasing costs because: A ) d'Y/dX' > 0 B) dY/dX 0 E) dY/dX does not equal dX/dY F) d'Y/dX does not equal d'X/dY G) This is always the case with an economy like this H) All of the above I) This economy does not have decreasing costs J) None of the above