Question : Determine the marginal opportunity cost of 10 units of commodity X:
| Commodity X | Commodity Y |
| 20 | 10 |
| 10 | 14 |
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.
Related Questions
Question : India produces two commodities: X and Y. Its production possibilities are shown in the following table:
| Possibility | A | B | C | D | E | F |
| Commodity X | 20 | 14 | 9 | 5 | 2 | 0 |
| Commodity Y | 0 | 1 | 2 | 3 | 4 | 5 |
Calculate MRT for the possibility C.
Option 1: 5:1
Option 2: 4:1
Option 3: 6:1
Option 4: 2:1
Question : A country produces two commodities: X and Y. Its production possibilities are shown in the following table:
| Possibility | A | B | C | D | E | F |
| Commodity X | 20 | 14 | 9 | 5 | 2 | 0 |
| Commodity Y | 0 | 1 | 2 | 3 | 4 | 5 |
The shape of PPF is _____________
Option 1: Convex
Option 2: Concave
Option 3: Constant
Option 4: None of these
Question : Directions: In the following question, select the number that can be placed at the sign of the question mark (?) from the given alternatives.
| 1 | 4 |
| 10 | 7 |
| 5 | 8 |
| 14 | 11 |
| 6 | 9 |
| ? | 12 |
Option 1: 13
Option 2: 14
Option 3: 15
Option 4: 16
Question : Calculate value of output from the following data:
| Particulars | Rs. in crore |
| Net value added at factor cost | 1000 |
| Intermediate consumption | 40 |
| GST | 20 |
| Subsidy | 50 |
| Depreciation | 10 |
Option 1: 1020
Option 2: 980
Option 3: 950
Option 4: 1000
Question : Calculate change in stock.
| Particulars | Rs. in crore |
| Closing stock | 5426 |
| Opening stock | 3456 |
Option 1: 1970
Option 2: 3456
Option 3: 5426
Option 4: 8882
