The figure above illustrates a small country's production possibilities frontier. Moving from point C to point B, the per unit opportunity cost of computers is ________ per computer
A) 4 tablets
B) 5/4 of a tablet
C) 4/5 of a tablet
D) 1/4 of a tablet
E) 1 computer
D
Economics
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If both producers and consumers believe that a product's price will rise in the future, then at the present, the equilibrium price
A) does not change. B) rises. C) falls. D) might rise, fall, or not change, but the change can never be predicted. E) might rise, fall, or not change depending on whether the effect from the producers is greater than or less than the effect from the consumers.
Economics
In recent years, net interest on the national debt paid by the federal government as a percentage of GDP is equal to approximately:
a. 1 to 3 percent. b. 5 to 9 percent. c. 10 to 14 percent. d. 15 to 19 percent. e. 20-25 percent.
Economics