05. What is the per-unit opportunity cost of product Y as production moves from point D to point B? a) 6/7 b) -6/7 c) 7/6 d) -7/6 Production Possibilities Frontier2824point A- point Epoint Fpoint B16point D12point C844812162024productX20product Y

Opportunity cost=sacrifice/gain From point D to point B Per unit opportunity cost of producct Y…

Answered: Production Possibilities Frontier 28 24…

Production Possibilities Frontier 28 24 point A - point E point F point B 16 point D 12 point C 8 4 4 8 12 16 24 productY 20 20 product Y

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter2: Choice In A World Of Scarcity

Section: Chapter Questions

Problem 11RQ: What does a production possibilities frontier illustrate?

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Question

05. What is the per-unit opportunity cost of product Y as production moves from point D to point B?

		a) 6/7
		b) -6/7
		c) 7/6
		d) -7/6

Production Possibilities Frontier
28
24
point A
- point E
point F
point B
16
point D
12
point C
8
4
4
8
12
16
20
24
productX
20
product Y

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