Use the following to answer question:

-(Table: Production Possibilities Schedule II)Use Table: Production Possibilities Schedule II.If the economy is producing at alternative X,the opportunity cost of producing at Y instead of X is _____ units of consumer goods per period.
A)0
B)6
C)8
D)14

Question

Use the following to answer question:

-(Table: Production Possibilities Schedule II)Use Table: Production Possibilities Schedule II.If the economy is producing at alternative X,the opportunity cost of producing at Y instead of X is _____ units of consumer goods per period.
A)0 
B)6 
C)8 
D)14

Quizplus · Accepted Answer

The opportunity cost is calculated by finding the difference in the number of units of consumer goods produced between the two alternatives. In this case, the difference between X and Y is 6 units of consumer goods. Therefore, the answer is B.

Use the Following to Answer Question