Question : Determine the marginal opportunity cost of 10 units of commodity X:
Option 1: MOC = 10
Option 2: MOC = 20
Option 3: MOC = 14
Option 4: MOC = 2.5
Correct Answer: MOC = 2.5
Solution : MOC = Change in units sacrificed/Change in units gained = (20-10)/(14-10) = 10/4 = 2.5. Hence, the correct option is 4.
Question : India produces two commodities: X and Y. Its production possibilities are shown in the following table:
Question : Directions: In the following question, select the number that can be placed at the sign of the question mark (?) from the given alternatives.
Question : A country produces two commodities: X and Y. Its production possibilities are shown in the following table:
Question : Calculate value of output from the following data:
Question : Calculate change in stock.
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