Question
Table 1.4: Production Possibilities Schedule Choice Good A Good B 1 2 3 4 5 100 90 70 40 0 0 20 40 60 80
Table 1.4: Production Possibilities Schedule | ||
Choice | Good A | Good B |
1 2 3 4 5 | 100 90 70 40 0 | 0 20 40 60 80 |
According to the production possibilities schedule in Table 1.4, which of the following statements is true?
Group of answer choices
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)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.
c)There are increasing opportunity costs associated with producing more of good B.
D)All of these
E)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.
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