Table 35.1 $$\begin{array} { | l | c | c | }
\hline { \text { Country } } & \text { Tons of Soybeans } & \text { Computer } \
\hline \text { China } & 100 & 300 \
\hline \text { United States } & 150 & 750 \
\hline
\end{array}$$ Based on the information in Table 35.1,assume China and the United States have the same amount of resources with which to produce soybeans and computers and they produce no other goods.The opportunity cost of producing 1 computer in China is
A)1/3 of a ton of soybeans.
B)1/4 of a ton of soybeans.
C)3 tons of soybeans.
D)4 tons of soybeans.

Question

Table 35.1 $$\begin{array} { | l | c | c | } 
\hline { \text { Country } } & \text { Tons of Soybeans } & \text { Computer } \
\hline \text { China } & 100 & 300 \
\hline \text { United States } & 150 & 750 \
\hline
\end{array}$$ Based on the information in Table 35.1,assume China and the United States have the same amount of resources with which to produce soybeans and computers and they produce no other goods.The opportunity cost of producing 1 computer in China is
A)1/3 of a ton of soybeans.
B)1/4 of a ton of soybeans.
C)3 tons of soybeans.
D)4 tons of soybeans.

Quizplus · Accepted Answer

The opportunity cost of producing 1 computer in China is 1/3 of a ton of soybeans. This is because China can produce 3 tons of soybeans for every 1 computer it produces.

Table 351 Based on the Information in Table 35