Use the Following to Answer Question(s)

question 44

Multiple Choice

Use the following to answer question(s) :
Exhibit: Production Possibilities Schedule 1

-(Exhibit: Production Possibilities Schedule 1) The opportunity cost of producing the fourth unit of consumer goods is ___ __ units of capital goods.

• A) 2
• B) 4
• C) 6
• D) 8

---

Definitions:

Total Utility

The total satisfaction received from consuming a particular quantity of a good or service.

Day

A unit of time equal to 24 hours, representing one complete rotation of the Earth on its axis.

Marginal Utility

The added satisfaction or utility gained from consuming an additional unit of a good or service.

Spending

Engaging in transactions to acquire goods or services by spending money.