Table 23 -Refer to Table 2

Table 2.3
$$\begin{array}{l}\text { Table } 2.3\\\begin{array} { | l | l | l | l | l | l | } \hline & \text { A } & \text { B } & \text { C } & \text { D } & \text { E } \\\hline \text { Capital goods } & 0 & 1 & 2 & 3 & 4 \\\hline \begin{array} { l } \text { Consumer } \\\text { goods }\end{array} & 40 & 35 & 20 & 7 & 0 \\\hline\end{array}\end{array}$$
-Refer to Table 2.3, which shows the production possibilities frontier between the production of capital goods and consumer goods in an economy. What is the opportunity cost of producing 1 unit of capital goods at point B?

A) 35 units of capital goods
B) 15 units of consumer goods
C) 13 units of consumer goods
D) 7 units of consumer goods
E) 5 units of consumer goods

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free