Refer to the above table. What is the opportunity cost of producing the third unit of capital goods?
A) 4 units of consumer goods
B) 5 units of consumer goods
C) 6 units of consumer goods
D) 7 units of consumer goods
134) The production possibilities curve below shows the hypothetical relationship between the production of capital goods and consumer goods in an economy.
Production Alternatives | |||||
Products | A | B | C | D | E |
Capital goods | 0 | 1 | 2 | 3 | 4 |
Consumer goods | 22 | 18 | 13 | 7 | 0 |
Refer to the above table. What is the total opportunity cost of producing two units of capital goods?
A) 4 units of consumer goods
B) 5 units of consumer goods
C) 9 units of consumer goods
D) 13 units of consumer goods
135) The production possibilities curve below shows the hypothetical relationship between the production of capital goods and consumer goods in an economy.
Production Alternatives | |||||
Products | A | B | C | D | E |
Capital goods | 0 | 1 | 2 | 3 | 4 |
Consumer goods | 22 | 18 | 13 | 7 | 0 |
Refer to the above table. What is the opportunity cost of producing the fourth unit 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