Use the following to answer questions :
-(Table: Production Possibilities Schedule II) Look at the table Production Possibilities Schedule II. If the economy is producing at Y, the opportunity cost of producing at Z is _____ units of consumer goods per period.
A)1
B)6
C)8
D)14

Question

Use the following to answer questions : 
-(Table: Production Possibilities Schedule II) Look at the table Production Possibilities Schedule II. If the economy is producing at Y, the opportunity cost of producing at Z is _____ units of consumer goods per period.
A)1 
B)6 
C)8 
D)14

Quizplus · Accepted Answer

The opportunity cost of moving from point Y to point Z is the difference in the number of consumer goods produced. If the economy moves from Y to Z, it sacrifices 8 units of consumer goods.

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