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

Question

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

Quizplus · Accepted Answer

The opportunity cost of producing the first TV set is 1 unit of computers, as it is the amount of computers that have to be given up to produce one TV set. Therefore, the best choice is to produce the TV set if its value is greater than or equal to the opportunity cost of producing it, which is the case in this scenario.

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