(Table: Production Possibilities Schedule II) Use Table: Production Possibilities Schedule II.If the economy is producing at Y,the opportunity cost of producing at Z is _____ units of consumer goods per period.

A) 1
B) 6
C) 8
D) 14

Question

Nicola Antoinette · Accepted Answer

Final Answer : C, Explanation :  The opportunity cost of moving from point Y to point Z is the amount of consumer goods forgone. If the table indicates that moving from Y to Z results in a decrease of 8 units of consumer goods, then the opportunity cost is 8 units.

(Table: Production Possibilities Schedule II) Use Table: Production Possibilities Schedule II.If the economy is producing at Y,the opportunity cost of producing at Z is _____ units of consumer goods per period.

A) 1
B) 6
C) 8
D) 14

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Learning Objectives

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(Table: Production Possibilities Schedule II) Use Table: Production Possibilities Schedule II.If the economy is producing at Y,the opportunity cost of producing at Z is _____ units of consumer goods per period.A) 1B) 6C) 8D) 14

Definitions

Learning Objectives

Learning Objectives

Related questions

(Table: Production Possibilities Schedule II) Use Table: Production Possibilities Schedule II.If the economy is producing at Y,the opportunity cost of producing at Z is _____ units of consumer goods per period.

A) 1
B) 6
C) 8
D) 14