YX is an economy's production possibility curve (PPC). The equation of the curve is qY = 1000 – 2qX. [Figure showing a downward sloping straight line PPC from (0, 1000) to (500, 0) for output of good Y (qY) and good X (qX)] What is the opportunity cost of producing one extra unit of good X?
✓ Correct Answer
The correct answer is B: 2 units of good Y
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
🎯 Mark Scheme Breakdown
Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.
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