1. If the economy represented by Figure 2.1 is presently producing 12 units of Good B and zero units of Good A:

QUESTION:

(B) The opportunity cost of increasing production of Good A from one unit to two units is the

loss of (a)   unit(s) of Good B.

1. If the economy represented by Figure 1.1 is presently producing 12 units of Good B and zero units of Good A:

QUESTION:

(C) The opportunity cost of increasing production of Good A from two units to three units is the

loss of (a)   unit(s) of Good B.

1. If the economy represented by Figure 1.1 is presently producing 12 units of Good B and zero units of Good A:

QUESTION:

(D) This is an example of (constant / increasing / decreasing / zero) opportunity cost per unit for

Good A.

(a)  

2. If the economy represented in Figure 1.2 is presently producing 12 units of Good B and zero units of Good A:

QUESTION:

(A) The opportunity cost of increasing production of Good A from zero units to one unit is the

loss of (a)   unit(s) of Good B.

2. If the economy represented in Figure 1.2 is presently producing 12 units of Good B and zero units of Good A:

QUESTION:

(B) The opportunity cost of increasing production of Good A from one unit to two units is the

loss of (a)   unit(s) of Good B.

2. If the economy represented in Figure 1.2 is presently producing 12 units of Good B and zero units of Good A:

QUESTION:

(C) The opportunity cost of increasing production of Good A from two units to three units is the

loss of (a)   unit(s) of Good B.

(D) This is an example of (constant / increasing / decreasing / zero) opportunity cost per unit for

Good A.

(a)