Below is a production possibilities table for DVDS and computers:Production AlternativesType of ProductionAвDE60ComputersDVDS20408080705535Instructions: Enter your answers as a whole number.a. What is the opportunity cost of moving from point A to point B (20 additional computers)?DVDSb. What is the opportunity cost of moving from point B to point C (20 additional computers)?DVDSc. What is the opportunity cost of moving from point C to point D (20 additional computers)?DVDSd. What is the opportunity cost of moving from point D to point E (20 additional computers)?DVDSe. As we produce more computers, opportunity costs arev (Click to select)unchangedincreasingdecreasing

Name: Below is a production possibilities table for DVDS and computers:Prod
Uploaded: 2022-06-13T20:40:08.000Z
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Description: Below is a production possibilities table for DVDS and computers:Production AlternativesType of ProductionAвDE60ComputersDVDS20408080705535Instructions: Enter your answers as a whole number.a. What is the opportunity cost of moving from point A to p

Answered: DVDS What is the opportunity cost of…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Below is a production possibilities table for DVDS and computers:
Production Alternatives
Type of Production
A
в
D
E
60
Computers
DVDS
20
40
80
80
70
55
35
Instructions: Enter your answers as a whole number.
a. What is the opportunity cost of moving from point A to point B (20 additional computers)?
DVDS
b. What is the opportunity cost of moving from point B to point C (20 additional computers)?
DVDS
c. What is the opportunity cost of moving from point C to point D (20 additional computers)?
DVDS
d. What is the opportunity cost of moving from point D to point E (20 additional computers)?
DVDS
e. As we produce more computers, opportunity costs are
v (Click to select)
unchanged
increasing
decreasing

Expert Solution

Step 1ive

Opportunity Cost: Opportunity Cost defines the potential benefits an individual, or an investor misses out on or rather gives up to choose an alternative method in the perception of gaining benefit from that choice.

To explain with example if an individual or investor chooses an alternative opportunity over their existing mode of income then the calculation of earning from the alternative source of income needs to be greater than the income getting earned at present, then only the opportunity cost will be positive and beneficial to the individual or investor.

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