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, in the production range of 21 to 23 brushes the opportunity cost of producing more comb in terms of brushes is
A) 1/21.
B) 21/23.
C) 1/2.
D) 4.Shifting resources toward more brushes (2) requires a drop in the production of combs (1). Therefore for each 1 brush, ½ a comb is given up (1 divided by 2).

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, in the production range of 21 to 23 brushes the opportunity cost of producing more comb in terms of brushes is
A) 1/21. 
B) 21/23. 
C) 1/2. 
D) 4.Shifting resources toward more brushes (2) requires a drop in the production of combs (1). Therefore for each 1 brush, ½ a comb is given up (1 divided by 2).

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, in the production range of 21 to 23 brushes the opportunity cost of producing more comb in terms of brushes is
A) 1/21. 
B) 21/23. 
C) 1/2. 
D) 4.Shifting resources toward more brushes (2) requires a drop in the production of combs (1). Therefore for each 1 brush, ½ a comb is given up (1 divided by 2).

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