Figure 3-7

What is the opportunity cost of moving from point B to point A in Figure 3-7?

A. 20 units of X
B. 50 units of X
C. 25 units of X
D. 75 units of X


Answer: B

Economics

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In the figure above, which movement could be the result of the development of a new, more efficient refining technology?

A) point a to point e B) point a to point b C) point a to point c D) point a to point d

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a. True b. False Indicate whether the statement is true or false

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