The production possibilities curve below shows the hypothetical relationship between the production of guns (national defense) and butter (social goods) in an economy.
The production possibilities curve below shows the hypothetical relationship between the production of guns (national defense) and butter (social goods) in an economy.
Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth
Section: Chapter Questions
Problem 5SQ
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Question
![The production possibilities curve below shows the hypothetical
relationship between the production of guns (national defense)
and butter (social goods) in an economy.
Combination
A
B
C
D
E
Guns
O
20
60
80
100
Butter
8
6
4
2
0
Your response should be a number ONLY.
1. What is the marginal opportunity cost of moving from 2 to 4
units of butter?
Guns.
2. What is the total opportunity cost of producing the four (4)
unit of butter?
Guns](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F165990db-cb96-413d-bb45-ae626708f7e0%2Fd503fcb3-e246-4bac-82a5-9fc0697762b8%2Ft7gyuhs_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The production possibilities curve below shows the hypothetical
relationship between the production of guns (national defense)
and butter (social goods) in an economy.
Combination
A
B
C
D
E
Guns
O
20
60
80
100
Butter
8
6
4
2
0
Your response should be a number ONLY.
1. What is the marginal opportunity cost of moving from 2 to 4
units of butter?
Guns.
2. What is the total opportunity cost of producing the four (4)
unit of butter?
Guns
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