Refer to Exhibit 34-5. The opportunity cost of one unit of good A isO a. 2B; 1BO b. 10B; 15Bc. 1/2B; 2Bd. 20B; 15BO e. 1/10B; IBCountry 1Good A1008060402010Good B01020Country 2Good A756045304050for country 1 and30150Good B0306090120150for country 2.

Opportunity cost is the cost of second best alternative or we can say that this is the cost of…

Refer to Exhibit 34-5. The opportunity cost of one unit of good A is O a. 28; 1B O b. 10B; 15B Country 1 Good A 100 80 60 40 20 Country 2 Good B Good A Good B 0 75 10 60 20 45 30 30 40 15 50 0 for country I and 0 30 60 90 120 150 for country 2.

Refer to Exhibit 34-5. The opportunity cost of one unit of good A is O a. 28; 1B O b. 10B; 15B Country 1 Good A 100 80 60 40 20 Country 2 Good B Good A Good B 0 75 10 60 20 45 30 30 40 15 50 0 for country I and 0 30 60 90 120 150 for country 2.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Refer to Exhibit 34-5. The opportunity cost of one unit of good A is
O a. 2B; 1B
O b. 10B; 15B
c. 1/2B; 2B
d. 20B; 15B
O e. 1/10B; IB
Country 1
Good A
100
80
60
40
20
10
Good B
0
10
20
Country 2
Good A
75
60
45
30
40
50
for country 1 and
30
15
0
Good B
0
30
60
90
120
150
for country 2.

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