-Refer to the table above, which gives five points on a nation's PPF. The opportunity cost of increasing the production of Y from 16 to 36 units is a total of
A) 4 units of X.
B) 8 units of X.
C) 12 units of X.
D) 10 units of X.

Question

-Refer to the table above, which gives five points on a nation's PPF. The opportunity cost of increasing the production of Y from 16 to 36 units is a total of
A) 4 units of X. 
B) 8 units of X. 
C) 12 units of X. 
D) 10 units of X.

Quizplus · Accepted Answer

The opportunity cost is the amount of X given up to produce more Y. If increasing Y from 16 to 36 units results in a decrease of 8 units of X, then the opportunity cost is 8 units of X.

-Refer to the Table Above, Which Gives Five Points on a Nation's