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Lopezj273 Lopezj273
wrote...
Posts: 447
5 years ago Edited: 5 years ago, bio_man

Question 1.

Figure 2-5




Refer to Figure 2-5. If the economy is currently producing at point X, what is the gain in production if the economy moves to point Y?

• 5 million tons of steel

• 9 million tons of paper

• 5 million tons of paper

• 14 million tons of steel

Question 2.

Figure 2-6




Refer to Figure 2-6. If the economy is currently producing at point A, what is the opportunity cost of moving to point B?

• 8 thousand wrenches

• 6 thousand hammers

• 30 thousand wrenches

• 23 thousand hammers
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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Answer verified by a subject expert
krobdancekrobdance
wrote...
Posts: 396
5 years ago
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Lopezj273 Author
wrote...
5 years ago
Appreciate the effort, thank you!
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