-The Table Above Lists Six Points on the Production Possibilities

question 314

Multiple Choice

-The table above 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) 16 cars per ton of grain
• B) 6 cars per ton of grain
• C) 3 cars per ton of grain
• D) 2 cars per ton of grain

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Definitions:

Swiss Francs (CHF)

The currency of Switzerland, known for its strength and stability in the financial market.

Forward Contract

A non-standardized contract between two parties to buy or sell an asset at a specified future date at a price agreed upon today.

Spot Rate

The current market price at which a particular asset can be bought or sold for immediate delivery.

Sale Record

The documentation and reporting of the sale transaction details including the product or service sold, amount, and date of the sale.