Question

1. You are told that the economy is producing efficiently and has chosen to produce and consume 12 units of X and 128 units of Y. At this point on the production possibilities frontier, you can use calculus to obtain the opportunity cost of Y as: A)-12 B)-6 C) 0 (D) 1/6 E) 3 F) 4 1/3 G) 5 H) 6 J) none of the ahove 1) 8