Gce Model Questions Vol1 2018 Economics Question 47

Practice objective / multiple choice question 47 from the 2018 Gce Model Questions Vol1 Economics examination.

Gce Model Questions Vol1 2018 Economics Objective / Multiple Choice Easy Difficulty
Question 47 GCE_MODEL_QUESTIONS_VOL1 • 2018 • ECONOMICS • objective

A country can produce either 30 units of good \(X\) or 45 units of good \(Y\) if it devotes all its resources to one good. What is the opportunity cost of producing one additional unit of \(X\) in terms of \(Y\)?

Answer Options

A. 1 unit of \(Y\) per unit of \(X\)
Correct Answer B. 1.5 units of \(Y\) per unit of \(X\)
C. 2 units of \(Y\) per unit of \(X\)
D. 0.75 units of \(Y\) per unit of \(X\)
Correct Answer
B
Correct Option:
1.5 units of \(Y\) per unit of \(X\)

About This Question

This is Gce Model Questions Vol1 2018 Economics Question 47. It is one of the objective questions from the 2018 Gce Model Questions Vol1 Economics examination.

Difficulty level: Easy .

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