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Production possibility units of Y Units of X Oppoerunity cost of 1 more unit of X
a 50 0
b 47 1
c 39 2
d 29 3
e 17 4
f 0 5
that is a graph
1. Complete last column
2. Does this example illustrate constant, increasing or decreasing opportunity costs? How can you tell?
3. Is it currently possible to produce 25 units of Y and 2 units ofX? Is this outcome efficent? briefly explain
4. Is it currently possible to produce 39 units of Y and 4 units of X? briefly explain?
Apr 26 2018 View more View Less
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