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19 Oct 2018

# 1. You are told that the economy is producing efficiently and has chosen to produce and consume 6 units of X and 16 units of Y. At this point on the production possibilities frontier, you can use calculus to obtain the opportunity cost of X as: A) 2 B) 1/2 C) 1 D) 3/2 E) 2/3 F)3 G) 1/3 H) 4 1) 1/4 J) 8/3 K) 3/8 L) 5/2 M) 2/5 N) 4/3 0) 3/4 P) 6 Q) 1/6 R) 8 S) 1/8 T) none of the above

1. You are told that the economy is producing efficiently and has chosen to produce and consume 6 units of X and 16 units of Y. At this point on the production possibilities frontier, you can use calculus to obtain the opportunity cost of X as: A) 2 B) 1/2 C) 1 D) 3/2 E) 2/3 F)3 G) 1/3 H) 4 1) 1/4 J) 8/3 K) 3/8 L) 5/2 M) 2/5 N) 4/3 0) 3/4 P) 6 Q) 1/6 R) 8 S) 1/8 T) none of the above

Lelia LubowitzLv2

21 Oct 2018