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 Y is
A)1/2 unit of Good X and Mexico's opportunity cost of one unit of Good Y is 1/2 unit of Good X.
B)1/2 unit of Good X and Mexico's opportunity cost of one unit of Good Y is 2 units of Good X.
C)2 units of Good X and Mexico's opportunity cost of one unit of Good Y is 1/2 unit of Good X.
D)2 units of Good X and Mexico's opportunity cost of one unit of Good Y is 2 units of Good X.

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 Y is
A)1/2 unit of Good X and Mexico's opportunity cost of one unit of Good Y is 1/2 unit of Good X. 
B)1/2 unit of Good X and Mexico's opportunity cost of one unit of Good Y is 2 units of Good X. 
C)2 units of Good X and Mexico's opportunity cost of one unit of Good Y is 1/2 unit of Good X. 
D)2 units of Good X and Mexico's opportunity cost of one unit of Good Y is 2 units of Good X.

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 Y is
A)1/2 unit of Good X and Mexico's opportunity cost of one unit of Good Y is 1/2 unit of Good X. 
B)1/2 unit of Good X and Mexico's opportunity cost of one unit of Good Y is 2 units of Good X. 
C)2 units of Good X and Mexico's opportunity cost of one unit of Good Y is 1/2 unit of Good X. 
D)2 units of Good X and Mexico's opportunity cost of one unit of Good Y is 2 units of Good X.

Figure 3-20 Canada's Production Possibilities Frontier