Table 1.3 shows the hypothetical trade-off between different combinations of brushes and combs that might be produced in a year with the limited capacity for Country X, ceteris paribus. Complete the table by calculating the required opportunity costs for brushes and combs. On the basis of your calculations in Table 1.3, what is the opportunity cost of producing at point M rather than point N?
A) 23 combs.
B) 21 combs.
C) 1 brush.
D) 2 brushes.

Question

Table 1.3 shows the hypothetical trade-off between different combinations of brushes and combs that might be produced in a year with the limited capacity for Country X, ceteris paribus. Complete the table by calculating the required opportunity costs for brushes and combs.  On the basis of your calculations in Table 1.3, what is the opportunity cost of producing at point M rather than point N?
A) 23 combs. 
B) 21 combs. 
C) 1 brush. 
D) 2 brushes.

Quizplus · Accepted Answer

The Answer of Table 1.3 shows the hypothetical trade-off between different combinations of brushes and combs that might be produced in a year with the limited capacity for Country X, ceteris paribus. Complete the table by calculating the required opportunity costs for brushes and combs.  On the basis of your calculations in Table 1.3, what is the opportunity cost of producing at point M rather than point N?
A) 23 combs. 
B) 21 combs. 
C) 1 brush. 
D) 2 brushes.

Table 13 Shows the Hypothetical Trade-Off Between Different Combinations of Brushes