The following table show the production of cricket bats and sarres of an imaginary economy If the pr...........

The following table show the production of cricket bats and sarres of an imaginary economy :

If the production of cricket bats is increased from 3 thousand to 4 thousand, how much production of sarees will he to be sacrificed by the economy ?

Zero

8 lakh sarees

30 lakh sarees

20 lakh sarees

- When increasing production from 3,000 to 4,000 cricket bats, we need to consider the opportunity cost in terms of sarees.

- Option 1: Zero - Incorrect. Typically, increasing production of one good involves sacrificing some of another due to limited resources.

- Option 2: 8 lakh sarees - A possibility but not enough information to conclude directly without specific data.

- Option 3: 30 lakh sarees - Likely too high unless specific limits or severe constraints exist.

- Option 4: 20 lakh sarees - A balanced estimate considering the lack of direct data, assuming moderate efficiency.

Answer: Option 4: 20 lakh sarees is typically the best choice following assumed trade-offs since resources are usually limited.

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