The table lists six points on the production possibilities frontier for grain and cars. What is the opportunity cost of producing the 26th car?
A) 4 tons of grain
B) 0.25 tons of grain
C) 0.5 tons of grain
D) 2 tons of grain
Answer: C
The table lists six points on the production possibilities frontier for grain and cars. What is the opportunity cost of producing the 26th car?
A) 4 tons of grain
B) 0.25 tons of grain
C) 0.5 tons of grain
D) 2 tons of grain
Answer: C