1 Homework - by point D, the production of 2 more units of...

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1. Refer to the above diagram. If society is currently producing 9 units of bicycles and 4 units of computers and it now decides to increase computer output to 6, the cost: A) will be 4 units of bicycles. B) will be 2 units of bicycles. C) will be zero because unemployed resources are available. D) of doing so cannot be determined from the information given. 2. Answer the next question(s) on the basis of the following production possibilities tables for two countries, North Cantina and South Cantina: Refer to the above tables. If South Cantina is producing at production alternative D, the opportunity cost of the third unit of capital goods will be: A) 3 units of consumer goods. B) 4 units of consumer goods. C) 5 units of consumer goods. D) 6 units of consumer goods.
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3. Refer to the above diagram. If society is currently producing the combination of bicycles and computers shown
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Unformatted text preview: by point D, the production of 2 more units of bicycles: A) cannot be achieved because resources are fully employed. B) will cost 1 unit of computers. C) will cost 2 units of computers. D) will cause some resources to become unemployed. 4. Answer the next question(s) on the basis of the following production possibilities tables for two countries, North Cantina and South Cantina: Refer to the above tables. If North Cantina is producing at production alternative B, the opportunity cost of the eleventh unit of consumer goods will be: A) 10 units of capital goods. B) 1/4 of a unit of capital goods. C) 8 units of capital goods. D) 1/8 of a unit of capital goods....
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1 Homework - by point D, the production of 2 more units of...

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