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Table 23 Production Possibilities for Footville 1. Refer to Table 2-3. What is the opportunity cost to Footvilie of increasing the production of shoes from

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Table 23 Production Possibilities for Footville 1. Refer to Table 2-3. What is the opportunity cost to Footvilie of increasing the production of shoes from 400 to 600? a. 400 socks b. 300 socks c. 200 socks d. 100 socks 2. Refer to Table 2-3. Which of the following statements is correct? a. The oppot'unity cost of an additional 200 shoes is constant at 200 socks. b. The oppot'unity cost of an additional 200 shoes is constant at 300 socks. c. Footviile's production possibilities frontier is a straight, downwardsloping line. d. The oppot'unity cost of an additional 200 shoes increases

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