The sets of output for goods X and Y listed in the table could all be produced with the country’s current resources being used at full capacity. Which statement correctly describes the opportunity cost of good Y in terms of good X?
- AIt decreases as the output of Y increases.
- BIt is always below 1Y = 1X.
- CIt is constant throughout the range of output shown.
- DIt is never above 1Y = 2X.