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:

Premises

Premises refer to statements or ideas assumed to be true and used as the basis for constructing an argument or reasoning.

Conclusions

The end or finish of an event, process, or text, often summarizing the main points or findings.

Convergent Thinking

A cognitive process in which a person has the goal of finding a single, correct answer to a problem, as opposed to divergent thinking which involves generating multiple solutions.

Routine Problem Solving

A type of problem-solving that relies on past experiences and practiced strategies to efficiently address familiar issues.