$$\begin{array} { | l | l | }
\hline \begin{array} { l }
\text { Quantity of } \
\text { beans } \
\text { (bushels) }
\end{array} & \begin{array} { l }
\text { Quantity of } \
\text { carrots } \
\text { (bushels) }
\end{array} \
\hline 5 & 0 \
\hline 4 & 5 \
\hline 8 & 9 \
\hline 2 & 12 \
\hline 1 & 14 \
\hline 0 & 15 \
\hline
\end{array}$$
-The table above represents different points along a production possibilities curve. What is the marginal cost of moving from 2 bushels to 3 bushels of beans?
A) 9 bushels of carrots per bushel of beans
B) 12 bushels of carrots per bushel of beans
C) 21 bushels of carrots per bushel of beans
D) 3 bushels of carrots per bushel of beans

Question

$$\begin{array} { | l | l | } 
\hline \begin{array} { l } 
\text { Quantity of } \
\text { beans } \
\text { (bushels) }
\end{array} & \begin{array} { l } 
\text { Quantity of } \
\text { carrots } \
\text { (bushels) }
\end{array} \
\hline 5 & 0 \
\hline 4 & 5 \
\hline 8 & 9 \
\hline 2 & 12 \
\hline 1 & 14 \
\hline 0 & 15 \
\hline
\end{array}$$
-The table above represents different points along a production possibilities curve. What is the marginal cost of moving from 2 bushels to 3 bushels of beans?
A) 9 bushels of carrots per bushel of beans
B) 12 bushels of carrots per bushel of beans
C) 21 bushels of carrots per bushel of beans
D) 3 bushels of carrots per bushel of beans

Quizplus · Accepted Answer

The marginal cost of moving from 2 bushels to 3 bushels of beans is the loss in carrots, which is 3 bushels (from 12 to 9), per additional bushel of beans.

-The Table Above Represents Different Points Along a Production Possibilities