Exhibit 1-4
-Refer to Exhibit 1-4.The opportunity cost of producing the first television set is

Question

Exhibit 1-4 
-Refer to Exhibit 1-4.The opportunity cost of producing the first television set is

Quizplus · Accepted Answer

The opportunity cost of producing the first television set is 1 unit of computers, as seen in the table where producing one television set requires giving up the production of one computer. Therefore, it is not worth giving up 15, 5, 43, or 42 units of computers to produce the first television set. The best choice is to produce one computer rather than one television.

Exhibit 1-4 -Refer to Exhibit 1-4.The Opportunity Cost of Producing the First