Multiple Choice
Use the information below to answer the following questions.
Fact 2.3.2
Agnes can produce either 1 unit of X or 1 unit of Y in an hour, while Brenda can produce either 2 units of X or 4 units of Y in a hour.
-Given Fact 2.3.2, the opportunity cost of producing a unit of X is
A) 1 unit of Y for Agnes and 2 units of Y for Brenda.
B) 1 hour for Agnes and 1/4 hour for Brenda.
C) 1 hour for Agnes and 1/2 hour for Brenda.
D) 1 unit of Y for Agnes and 1/2 unit of Y for Brenda.
E) 1 hour for Agnes and 2 hours for Brenda.
Correct Answer:
Verified
Correct Answer:
Verified
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