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Standard XII

Mathematics

Combination

Production po...

Question

Production possibilities A B C D E F
Good A 0 1 2 3 4 5
Good B 30 28 24 18 10 0

According to Table the opportunity cost of increasing Good A's production from $2 t o 4$ units is equal to ___________.

10

units of B

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14

units of B

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24

units of B

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2

units of B

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Solution

The correct option is B $14$ units of B
The opportunity cost of increasing Good A's production from $2$ units to $4$ units is equal to $14$ units of B $(24 - 10)$ .

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Output of Good-X decreases by 400 units and output of Good-Y increases by 400 units, and some resources are shifted from the production of X to the production of Y, the marginal opportunity cost is

Q. Production Possibilities

Production possibilities	A	B	C	D	E	F
Good A	0	1	2	3	4	5
Good B	30	28	24	18	10	0

Given the data in Table, as one moves from successively from point A to point B, C, D, E and F, the opportunity cost of Good A:

Q. The opportunity cost of increasing production of Cellphones from nil to

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units is?

Situations	Cellphones(units)	Rice(quintals)
A	$0$	$60, 000$
B	$1000$	$55, 000$
C	$2000$	$48, 000$
D	$3000$	$38, 000$
E	$4000$	$23, 000$
F	$5000$	$0$

Q. The opportunity cost of increasing production of Cellphones from nil to

2, 000

units is __________.

Situation	Cellphones(units)	Rice(quintals)
A	$0$	$60, 000$
B	$1000$	$55, 000$
C	$2000$	$48, 000$
D	$3000$	$38, 000$
E	$4000$	$23, 000$
F	$5000$	$0$

Q. Multiple Choice Question:

Output of Good-X decreases by

500

units and output of Good - Y increases by

500

units, when some resources are shifted from the production of X to the production of Y. The marginal opportunity cost is __________.

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Production possibilitiesABCDEFGood A012345Good B30282418100According to Table the opportunity cost of increasing Good A's production from 2to4 units is equal to ___________.

The correct option is B 14 units of BThe opportunity cost of increasing Good A's production from 2 units to 4 units is equal to 14 units of B (24−10).

Production possibilities A B C D E F
Good A 0 1 2 3 4 5
Good B 30 28 24 18 10 0

According to Table the opportunity cost of increasing Good A's production from $2 t o 4$ units is equal to ___________.

The correct option is B $14$ units of B
The opportunity cost of increasing Good A's production from $2$ units to $4$ units is equal to $14$ units of B $(24 - 10)$ .