-The Table Above Lists Six Points on the Production Possibilities

question 32

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 tonne of grain?

• A) 2 cars per tonnes of grain
• B) 16 cars per tonnes of grain
• C) 3 cars per tonnes of grain
• D) 6 cars per tonnes of grain

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Definitions:

New Market

A new market refers to the introduction or discovery of new sectors, customer groups, or geographic areas where a business or product has not previously engaged or sold.