Figure 3-20
Canada's Production Possibilities Frontier
Mexico's Production Possibilities Frontier
-Refer to Figure 3-20.Canada's opportunity cost of one unit of Good X is
A)1/2 unit of Good Y and Mexico's opportunity cost of one unit of Good X is 1/2 unit of Good Y.
B)1/2 unit of Good Y and Mexico's opportunity cost of one unit of Good X is 2 units of Good Y.
C)2 units of Good Y and Mexico's opportunity cost of one unit of Good X is 1/2 unit of Good Y.
D)2 units of Good Y and Mexico's opportunity cost of one unit of Good X is 2 units of Good Y.

Question

Figure 3-20
Canada's Production Possibilities Frontier
Mexico's Production Possibilities Frontier  
-Refer to Figure 3-20.Canada's opportunity cost of one unit of Good X is
A)1/2 unit of Good Y and Mexico's opportunity cost of one unit of Good X is 1/2 unit of Good Y. 
B)1/2 unit of Good Y and Mexico's opportunity cost of one unit of Good X is 2 units of Good Y. 
C)2 units of Good Y and Mexico's opportunity cost of one unit of Good X is 1/2 unit of Good Y. 
D)2 units of Good Y and Mexico's opportunity cost of one unit of Good X is 2 units of Good Y.

Quizplus · Accepted Answer

The Answer of Figure 3-20
Canada's Production Possibilities Frontier
Mexico's Production Possibilities Frontier  
-Refer to Figure 3-20.Canada's opportunity cost of one unit of Good X is
A)1/2 unit of Good Y and Mexico's opportunity cost of one unit of Good X is 1/2 unit of Good Y. 
B)1/2 unit of Good Y and Mexico's opportunity cost of one unit of Good X is 2 units of Good Y. 
C)2 units of Good Y and Mexico's opportunity cost of one unit of Good X is 1/2 unit of Good Y. 
D)2 units of Good Y and Mexico's opportunity cost of one unit of Good X is 2 units of Good Y.

Figure 3-20 Canada's Production Possibilities Frontier