Please answer the following questions: When the economy moves form point D to E
ID: 1173375 • Letter: P
Question
Please answer the following questions:
When the economy moves form point D to E in Table 1.1, the opportunity cost of the computer in terms of televisions is (a) 3. (b) 4. (c)2. (d)5. According to Table 1.1, the opportunity cost of each additional computer in terms of televisions (a) remains constant (b) falls as more computers are produced. (c) increases as more computers are produced. (d) is meaningless because the cost cannot be expressed in terms of televisions. Given the production possibilities schedule in Table 1.1, a combination of 23 televisions and 6 personal computers (a) is attainable but involves the unemployment of some of society's resources. (b) clearly illustrates the trade-off between televisions and computers. (c) cannot be produced by society, given its current level of resources and production technology. (d) can be produced only if society is willing to have its resources used inefficiently.Explanation / Answer
(b)
(c)
(C)