-Refer to the Above Table

question 170

Multiple Choice

-Refer to the above table.What is the total opportunity cost of producing two units of capital goods?

• A) 4 units of consumer goods
• B) 5 units of consumer goods
• C) 9 units of consumer goods
• D) 13 units of consumer goods

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Definitions:

Auto Repair

Professional services aimed at diagnosing and fixing issues with vehicles, including maintenance, parts replacement, and cosmetic repairs.

Liability

A legal responsibility or obligation, often of a financial nature.

Ratification

The act of giving formal consent to a treaty, contract, or agreement, making it officially valid.

Void

A legal term indicating that a contract or agreement is null, invalid, and has no legal effect.