Figure 3 50 45 40 35 30 25 20 15 10 lamps 10 20 30 40 50 60 70 80 notepads 35. R

Question

Figure 3 50 45 40 35 30 25 20 15 10 lamps 10 20 30 40 50 60 70 80 notepads 35. Refer to Figure 3. The opportunity cost of this economy moving from point Z to point Y is a. 0 lamps. b. 10 lamps. c. 10 notepads. d. 20 lamps. 36. Refer to Figure 3. The opportunity cost of obtaining 20 additional lamps by moving from point W to point V is a. 0 notepads b. 10 notepads. c. 50 notepads. d. None of the above; the economy cannot move from point W to point V. 37. Refer to Figure 3. The opportunity cost of obtaining 10 additional lamps by moving from point W to point Z is a. 0 notepads b. 10 notepads. c. 50 notepads. d. None of the above; the economy cannot move from point W to point Z. Table 3

Explanation / Answer

35) Solution: 10 lamps

Explanation: Point Z (20 lamps) - Point Y (10 lamps)

39) Solution: None of the above; the economy cannot move from point W to point V

Explanation: Points outside the PPF might be attainable consumption points

40) Solution: 0 notepads

Explanation: Both the points does not lie on same production curve

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