Pre
on possibilities for toyland
2-1
dolls
400
300
200
100
fire trucks
0
200
350
450
500
refer to table 2-1. which of the following statements accurately describes the
production possibilities for toyland?
the opportunity cost of an additional 100 dolls is 50 fire trucks.
the opportunity cost of an additional 100 dolls is 100 fire trucks.
without additional information, it is impossible to determine the opportunity cost of an
additional doll.
the opportunity cost of an additional 100 dolls increases as more dolls are produced.