Use the following to answer question:

-(Table: Production Possibilities Schedule II)Use Table: Production Possibilities Schedule II.If the economy is producing at Y,the opportunity cost of producing at Z is _____ units of consumer goods per period.
A)1
B)6
C)8
D)14

Question

Use the following to answer question:

-(Table: Production Possibilities Schedule II)Use Table: Production Possibilities Schedule II.If the economy is producing at Y,the opportunity cost of producing at Z is _____ units of consumer goods per period.
A)1 
B)6 
C)8 
D)14

Quizplus · Accepted Answer

The opportunity cost of moving from point Y to point Z is the amount of consumer goods forgone. If the table indicates that moving from Y to Z results in a decrease of 8 units of consumer goods, then the opportunity cost is 8 units.

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