The table lists six points on the production possibilities frontier for grain and cars. What is the opportunity cost of producing the 5th ton of grain?
A) 2 cars
B) 3 cars
C) 16 cars
D) 6 cars
Answer: B
The table lists six points on the production possibilities frontier for grain and cars. What is the opportunity cost of producing the 5th ton of grain?
A) 2 cars
B) 3 cars
C) 16 cars
D) 6 cars
Answer: B