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16 Dec 2017
6. You are told that the economy is producing efficiently and has chosen to produce and consume 2 units of X and 22.5 units of Y. At this point on the production possibilities frontier, you can use calculus to obtain the opportunity cost of X as: A) 1.4 C) 3.0 D) 4.8 E) 5.0 F) 5.8 H) 6.4 I) 7.2 J) none of the above B) 2.8
6. You are told that the economy is producing efficiently and has chosen to produce and consume 2 units of X and 22.5 units of Y. At this point on the production possibilities frontier, you can use calculus to obtain the opportunity cost of X as: A) 1.4 C) 3.0 D) 4.8 E) 5.0 F) 5.8 H) 6.4 I) 7.2 J) none of the above B) 2.8
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