The combinations of output of goods X and Y shown in the table could all be produced using the existing resources in a country to their maximum capacity.
Which statement about the opportunity cost of good Y in terms of good X is correct?
1 )
It decreases as the output of Y increases.
2 )
It is always below 1Y = 1X.
3 )
It is constant throughout the range of output shown.
It is never above 1Y = 2X.
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