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question 74

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Figure 2.11 Figure 2.11   Alt text for Figure 2.11: In figure 2.11, a graph compares paper and steel production. Long description for Figure 2.11: The x-axis is labelled, steel in millions of tons and the quantities 14, 16, 19, and 20 are marked.The y-axis is labelled, paper in millions of tons, and the quantities 4, 9, and 11 are marked.Points Y(14, 9) , W(16, 9) , (19, 4) , and an unnamed point (14, 11) are plotted on the graph, and joined to the respective axes using dotted lines.A concave curve is drawn from the y-axis to the x-axis, passing through the unnamed point (14, 11) , and points W(16, 9) , and X(19, 4) .Point Y is between the curve and the axes. -Refer to Figure 2.11.If the economy is currently producing at point X, what is the opportunity cost of moving to point W? A) 3 million tons of steel B) 19 million tons of steel C) 5 million tons of paper D) 9 million tons of paper Alt text for Figure 2.11: In figure 2.11, a graph compares paper and steel production.
Long description for Figure 2.11: The x-axis is labelled, steel in millions of tons and the quantities 14, 16, 19, and 20 are marked.The y-axis is labelled, paper in millions of tons, and the quantities 4, 9, and 11 are marked.Points Y(14, 9) , W(16, 9) , (19, 4) , and an unnamed point (14, 11) are plotted on the graph, and joined to the respective axes using dotted lines.A concave curve is drawn from the y-axis to the x-axis, passing through the unnamed point (14, 11) , and points W(16, 9) , and X(19, 4) .Point Y is between the curve and the axes.
-Refer to Figure 2.11.If the economy is currently producing at point X, what is the opportunity cost of moving to point W?


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