A Nation Can Produce Two Products: Tanks and Autos

question 146

Multiple Choice

A nation can produce two products: tanks and autos. The table below is the nation's production possibilities: Refer to the above table. The marginal opportunity cost of the fourth unit of tanks is:

• A) 4 units of tanks
• B) 300 units of autos
• C) 350 units of autos
• D) 1000 units of autos

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Definitions:

Stock Investments

A financial asset purchased in a corporation with the expectation of earning a return through dividends, stock price appreciation, or both.

Equity Interest

Ownership interest in a company, typically represented by stocks, indicating the holder's stake in the company's assets and earnings.

Cash Dividend

A payment made by a company out of its profits to its shareholders, usually in cash.

Net Income

The net income of a company once all costs and taxes are deducted from its total revenue.