Economics MCQ The Economics Problem Agnes can produce either 1 unit of X or 1 unit of Y in an hour, while Brenda can produce either 2 units of X or 4 units of Y in an hour. The opportunity cost of producing a unit of X is:

Agnes can produce either 1 unit of X or 1 unit of Y in an hour, while Brenda can produce either 2 units of X or 4 units of Y in an hour. The opportunity cost of producing a unit of X is:

Naim 10:57 The Economics Problem

Agnes can produce either 1 unit of X or 1 unit of Y in an hour, while Brenda can produce either 2 units of X or 4 units of Y in an hour. The opportunity cost of producing a unit of X is:

A) 1 unit of Y for Agnes and 2 units of Y for Brenda.
B) 1 hour for Agnes and 1/2 hour for Brenda.
C) 1 hour for Agnes and 2 hours for Brenda.
D) 1 unit of Y for Agnes and 1/2 unit of Y for Brenda

Answer: A

Economics MCQ

Agnes can produce either 1 unit of X or 1 unit of Y in an hour, while Brenda can produce either 2 units of X or 4 units of Y in an hour. The opportunity cost of producing a unit of X is:

Agnes can produce either 1 unit of X or 1 unit of Y in an hour, while Brenda can produce either 2 units of X or 4 units of Y in an hour. The opportunity cost of producing a unit of X is:

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