Table 3-5

-Refer to Table 3-5.The opportunity cost of 1 airplane for the United States is
A)4 cars.
B)3 cars.
C)1/3 car.
D)1/4 car.

Name: Table 3-5 -Refer to Table 3-5.The opportunity cost of 1 airplane for the United States is A)4 cars. B)3 cars. C)1/3 car. D)1/4 car.
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Question

Table 3-5
 
-Refer to Table 3-5.The opportunity cost of 1 airplane for the United States is
A)4 cars. 
B)3 cars. 
C)1/3 car. 
D)1/4 car.

Quizplus · Accepted Answer

The opportunity cost of producing one airplane is the number of cars that could have been produced instead. If the U.S. gives up 4 cars to produce 1 airplane, the opportunity cost is 4 cars per airplane.

Table 3-5 -Refer to Table 3-5.The Opportunity Cost of 1 Airplane for of 1