THE PRODUCTION POSSIBILITIES TABLE BELOW SHOWS THE HYPOTHETICAL RE...

100.The production possibilities table below shows the hypothetical relationship between the production of capital goods and consumer goods in an economy.Refer to the table above. What is the opportunity cost of producing the first two units of capital goods?4 units of consumer goods5 units of consumer goods→ 9 units of consumer goods13 units of consumer goodsIncreasing capital goods from Point A to C requires giving up 9 (22 - 13 = 9) consumer goods. AACSB: AnalyticBlooms: UnderstandDifficulty: 2 MediumLearning Objective: 01-05 Apply production possibilities analysis; increasing opportunity costs; and economic growth.Multiple Choice Question Topic: Production possibilities model