Econ (40).pdf - nar007-1 Consider ithe iPPC iin iFigure...

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nar007-1.jpg Consider i the i PPC i in i Figure i 2-7, i which i describes i a i firm i that i can i produce i both i good i X i and i good i Y. i Which i of i the i following i is i true? a. i The i opportunity i cost i of i one i unit i of i good i X i is i 10 i units i of i good i Y. *b. i The i opportunity i cost i of i the i first i unit i of i good i X i is i 1 i unit i of i good i Y. c. i The i opportunity i cost i of i the i ninth i unit i of i good i X i is i 9 i units i of i good i Y. d. i The i opportunity i cost i of i the i tenth i unit i of i good i X i cannot i be i determined i from i the i information i given. e. i The i opportunity i cost i of i the i first i unit i of i good i X i is i 2 i units i of i good i Y.
195. i Chapter i 2 Choice, i Opportunity i Costs, i and i Specialization i Questi52 i As i an i economy i moves i along i a i bowed-out i production i possibilities i curve,

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