The production possibilities table below shows the hypothetical relationship between the production of capital goods and consumer goods in an economy. Refer to the table above.What is the opportunity cost of producing the first three units of capital goods?
A) 6 units of consumer goods
B) 7 units of consumer goods
C) 15 units of consumer goods
D) 22 units of consumer goods Producing the first three capital goods requires giving up 15 (22 - 7 = 15)consumer goods.

Question

The production possibilities table below shows the hypothetical relationship between the production of capital goods and consumer goods in an economy.  Refer to the table above.What is the opportunity cost of producing the first three units of capital goods?
A) 6 units of consumer goods 
B) 7 units of consumer goods 
C) 15 units of consumer goods 
D) 22 units of consumer goods Producing the first three capital goods requires giving up 15 (22 - 7 = 15)consumer goods.

Quizplus · Accepted Answer

The Answer of The production possibilities table below shows the hypothetical relationship between the production of capital goods and consumer goods in an economy.  Refer to the table above.What is the opportunity cost of producing the first three units of capital goods?
A) 6 units of consumer goods 
B) 7 units of consumer goods 
C) 15 units of consumer goods 
D) 22 units of consumer goods Producing the first three capital goods requires giving up 15 (22 - 7 = 15)consumer goods.

The Production Possibilities Table Below Shows the Hypothetical Relationship Between