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9 Mar 2018
2. You are told that the economy is producing efficiently and has chosen to produce and consume 6 units of X. At this point on the production possibilities frontier, you would use calculus to obtain the opportunity cost of Y in terms of X as: (A) 1/12 (B1/3 (C) 1/2 (D) 3/8 (E) 2/3 (F) 4/3 (G) 8/3 (H) 9/2 (1) 16/3 (J) none of the above
2. You are told that the economy is producing efficiently and has chosen to produce and consume 6 units of X. At this point on the production possibilities frontier, you would use calculus to obtain the opportunity cost of Y in terms of X as: (A) 1/12 (B1/3 (C) 1/2 (D) 3/8 (E) 2/3 (F) 4/3 (G) 8/3 (H) 9/2 (1) 16/3 (J) none of the above
Irving HeathcoteLv2
12 Mar 2018
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