Directions: The following data gives the production possibilities frontier of an economy that produc….

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  • 04/25/2019 at 2:58 pm #618686 Reply
     EduGorilla 
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    Directions: The following data gives the production possibilities frontier of an economy that produces two types of goods: Guns and Bread. Read the following table and answer the question.

    Table: Production Possibilities

    Production possibilities A B C D E F G H
    Guns 0 10 20 30 40 50 60 30
    Bread 105 100 90 75 55 30 0 45

    According to the table, the opportunity cost of increasing guns production from 20 to 30 units is equal to

    Options :-

    1. 10 units of bread
    2. 15 units of bread
    3. 25 units of bread
    4. 24 units of bread
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