Use the Table Below to Answer the Following Questions

question 129

Multiple Choice

Use the table below to answer the following questions.
Table 2.1.1
The following table gives points on the production possibilities frontier for goods X and Y.
-Refer to Table 2.1.1.The opportunity cost of increasing the production of Y from 16 to 36 units is

• A)4 units of X.
• B)8 units of X.
• C)12 units of X.
• D)16 units of X.
• E)20 units of Y.

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Definitions:

Invoice Price

The price of a product or service indicated on the invoice, representing the amount the buyer should pay.