Figure 2-6 -Refer to Figure 2-6.If the Economy Is Currently Producing at Is

question 152

Multiple Choice

Figure 2-6

-Refer to Figure 2-6.If the economy is currently producing at point E, what is the opportunity cost of moving to point B?

• A)13 thousand hammers
• B)10 thousand hammers
• C)30 thousand wrenches
• D)0 wrenches

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Definitions:

Decimal Places

The number of digits to the right of the decimal point in a number.

Coordinates

A set of values that show an exact position on a graph, map, or in a space.

Point

In geometry, it represents an exact location in space with no dimensions.

Quadrants

The four sections of the Cartesian plane, divided by the x and y axes, used to classify the position of points.