-The Above Table Shows Production Combinations on a Country's Production

question 332

Multiple Choice

-The above table shows production combinations on a country's production possibilities frontier. What is the opportunity cost of one unit of Y when the production of good Y increases from 16 to 28 units?

• A) 4 units of good X per unit of good Y
• B) 3 units of good X per unit of good Y
• C) 1/4 unit of good X per unit of good Y
• D) There is no opportunity cost when moving from one point to another along a production possibilities frontier.

---

Definitions:

Sound Cinema Technology

The technology enabling the synchronization of motion picture with sound, revolutionizing the film industry in the late 1920s.

Phonograph

An early sound-reproducing machine that uses cylinders or discs to record and playback sound, invented in the late 19th century.

Vitaphone

An early sound film system created by Warner Bros. that synchronized a film's soundtrack stored on phonograph records.

Licensing Agreements

Contracts in which the holder of intellectual property grants permission to another party to use the property under specified conditions.