Examlex

Solved

Hypothetical Production Schedule for a Two-Product Economy -If the Economy Is Producing at Point D,the Opportunity Cost

question 33

Short Answer

Hypothetical Production Schedule for a Two-Product Economy Units ofUnits of Points  Consumer Goods  Capital Goods A030B1524C2718D3612E426F450\begin{array}{ccc}&Units~ of&Units~ of\\\text { Points } & \text { Consumer Goods } & \text { Capital Goods } \\\hline \mathrm{A} & 0 & 30 \\\mathrm{B} & 15 & 24 \\\mathrm{C} & 27 & 18 \\\mathrm{D} & 36 & 12 \\\mathrm{E} & 42 & 6 \\\mathrm{F} & 45 & 0\end{array}
-If the economy is producing at point D,the opportunity cost of shifting resources from consumer goods to gain 6 capital goods is _______ consumer goods.


Definitions:

Alcoholism

A chronic disease characterized by uncontrolled drinking and obsession with alcohol, often leading to health problems and impaired social functioning.

Obesity

A medical condition characterized by excessive body fat that presents a risk to health, typically measured by body mass index (BMI).

Smoking

The act of inhaling and exhaling the smoke of burning plant material, such as tobacco, often associated with addiction and health risks.

Stress-inoculation Therapy

A psychological technique designed to help individuals build resilience by preparing them to cope with upcoming stressful events.

Related Questions