Question

Use this link to access approaite figure:http://www.youtube.com/watch?v=Bu12MpYkgLg

This a multiple choice question, pick one answer (A-E)

Please explain why you pick an answer25.Consider the PPC in the figure above, which describes a firm that can produce both good X and good Y. Which of the following is true?A)The opportunity cost of the first unit of good X is 1 unit of good Y.B)The opportunity cost of the ninth unit of good X is 9 units of good Y.C)The opportunity cost of the first unit of good X is 2 units of good Y.D)The opportunity cost of one unit of good X is 10 units of good Y.E)The opportunity cost of the tenth unit of good X cannot be determined from the information given.


Seen 1 years ago byThomas Joe

0 Answer