Question
A nation can produce two products: tanks and autos. The table below is the nation's production possibilities schedule. Production Possibilities Product A B C D
A nation can produce two products: tanks and autos. The table below is the nation's production possibilities schedule.
Production Possibilities | ||||||
|---|---|---|---|---|---|---|
Product | A | B | C | D | E | F |
| Tanks | 0 | 1 | 2 | 3 | 4 | 5 |
| Autos | 1,000 | 950 | 850 | 650 | 350 | 0 |
In moving from combination E to D, the opportunity cost of producing 300 more autos is
Multiple Choice
- 4 units of tanks.
- 1 unit of tanks.
- 350 units of autos.
- 1,000 units of autos.
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Human Resources In The Urban Economy
Authors: Mark Perlman
1st Edition
1317332474, 9781317332473
