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29 Jun 2018
2. Now you are told that the economy is producing efficiently and has chosen to produce and consume 16 units of X. At this point on the production possibilities frontier, you can use calculus to obtain the opportunity cost of X as: A) 12/128 B) 16/136 C) 6/71 D) 1/6 E) 6 F) 8 1/3 G) 9 H) 10 2/3 1) 12 1/3 J) none of the above
2. Now you are told that the economy is producing efficiently and has chosen to produce and consume 16 units of X. At this point on the production possibilities frontier, you can use calculus to obtain the opportunity cost of X as: A) 12/128 B) 16/136 C) 6/71 D) 1/6 E) 6 F) 8 1/3 G) 9 H) 10 2/3 1) 12 1/3 J) none of the above
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30 Jun 2018
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