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Author Question: In the table above, country A is producing 4 units of X and 8 units of Y and country B is producing ... (Read 91 times)

Wadzanai

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In the table above, country A is producing 4 units of X and 8 units of Y and country B is producing 4 units of X and 6 units of Y. The opportunity cost of producing more of
 
  A) good X is the same for both countries.
  B) good Y is the same for both countries.
  C) good X is lower in country A.
  D) good Y is lower in country A.

Question 2

As Judy moves down along her budget line, ________.
 
  A) the opportunity cost of the good measured along the x-axis increases
  B) the opportunity cost of the good measured along the y-axis increases
  C) her income decreases
  D) her income does not change and neither does the relative price of the goods



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shaikhs

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Answer to Question 1

D

Answer to Question 2

D




Wadzanai

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


Missbam101

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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