ECON8305docx (196).pdf - C D E 2 3 4 7 4 0 According ito...

This preview shows page 1 out of 1 page.

C 2 7 D 3 4 E 4 0 According i to i the i production i possibilities i schedule i in i Figure i 2-2, i if i the i economy i was i initially i producing i combination i B i and i then i moved i to i combination i C, a. i the i opportunity i cost i of i the i additional i unit i of i capital i goods i is i 7 i units i of i consumption i goods. *b. i the i opportunity i cost i of i the i additional i unit i of i capital i goods i is i 2 i units i of i consumption i goods. c. i the i society i has i managed i to i produce i more i of i both i goods. d. i one i unit i of i capital i goods i has i to i be i forgone. e. i resources i were i not i being i used i efficiently i at i combination i C.
164. i Chapter i 2 Choice, i Opportunity i Costs, i and i Specialization i Questi21 i Figure i 2-2 Production i Possibilities i Schedule Choice Capital i (Investment) i goods Consumption i Goods A 0 B 1 C 2 D 3 E 4 According i to i the i production i possibilities i schedule i in i Figure i 2-2, i a i move i from i choice i C i to i choice i D 10 9 7 4 0

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture