Refer to the graph shown. Given the production possibility curve, the opportunity cost of reading 2 more articles when you are already reading 11 articles is on average:
A. 1/2 album per article.
B. 2 albums per article.
C. 2/3 album per article.
D. 3 albums per article.
Answer:B
Refer to the graph shown. Given the production possibility curve, the opportunity cost of reading 2 more articles when you are already reading 11 articles is on average:
A. 1/2 album per article. B. 2 albums per article. C. 2/3 album per article. D. 3 albums per article.
Explanation: Moving from C to B means giving up 4 albums for 2 articles, or 2 albums per article.