CUET Economics - In an economy producing only two goods X and Y, the opportunity cost of producing 5 units of good X is 3 units of good Y. The above statement implies that _____. (choose the correct option) | PYQs + Solutions

CUET Economics 2025 15 May Shift 1

Micro

Easy

A combination of 5X and 3Y can be produced in the economy.

A combination of 3X and 5Y can be produced in the economy.

To produce 5 units of good X, production of good Y needs to be reduced by 3 units.

To produce 3 units of good X, production of good Y needs to be reduced by 5 units.

✅ Correct Option: 3

CUET Economics 2025 15 May Shift 1 PYQs