Gce Model Questions Vol1 2023 Economics Question 33

Practice objective / multiple choice question 33 from the 2023 Gce Model Questions Vol1 Economics examination.

Gce Model Questions Vol1 2023 Economics Objective / Multiple Choice Easy Difficulty
Question 33 GCE_MODEL_QUESTIONS_VOL1 • 2023 • ECONOMICS • objective

A country's production‑possibility frontier (PPF) is a straight line joining the points (0, 150) and (100, 0), where the first coordinate is the quantity of Good A and the second is the quantity of Good B. If the economy currently produces 40 units of Good A and 60 units of Good B, what is the opportunity cost of producing one additional unit of Good A at this point?

Answer Options

Correct Answer A. 1.5
B. 1.2
C. 0.75
D. 2.0
Correct Answer
A
Correct Option:
1.5

About This Question

This is Gce Model Questions Vol1 2023 Economics Question 33. It is one of the objective questions from the 2023 Gce Model Questions Vol1 Economics examination.

Difficulty level: Easy .

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