-The table above lists six points on the production possibilities frontier for grain and cars. What is the opportunity cost of producing the 5th tonne of grain?
A) 2 cars per tonnes of grain
B) 16 cars per tonnes of grain
C) 3 cars per tonnes of grain
D) 6 cars per tonnes of grain
Correct Answer:
Verified
Q21: Q22: The term "market" refers to Q23: A person has a comparative advantage in Q24: Harry produces two balloon rides and four Q26: Consider a production possibilities frontier with corn Q27: After cyclone Yasi devastated parts of Queensland Q28: If property rights are not clearly defined Q29: In one week Alice can produce 5
A) any arrangement
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