In the table above, country B is producing 4 units of X and 6 ...

[daltonest1984]

In the table above, country B is producing 4 units of X and 6 units of Y. For country B, the opportunity cost of producing an additional unit of Y is
 
  A) 1/2 unit of X per unit of Y.
  B) 2/3 unit of X per unit of Y.
  C) 2 units of X per unit of Y.
  D) 3 units of X per unit of Y.

Question 2

If both the demand and supply increase, the equilibrium quantity ________ and the equilibrium price ________.
 
  A) increases; falls
  B) decreases; might rise, fall, or not change
  C) decreases; rises
  D) increases; might rise, fall, or not change

[briseldagonzales]

Answer to Question 1

B

Answer to Question 2

D

[daltonest1984]

Wow, this really help

[rachel]

Thanks for the timely response, appreciate it