With a budget of $500 000,a school board can choose to purchase 20 000 textbooks or 2000 laptop computers (or some intermediate combination)for use in classrooms. FIGURE 1-2
-Refer to Figure 1-2.For the school board,what is the opportunity cost of one additional textbook?
A)2000 laptops
B)1000 laptops
C)1/100 of a laptop
D)1/1000 of a laptop
E)1/10 of a laptop

Question

With a budget of $500 000,a school board can choose to purchase 20 000 textbooks or 2000 laptop computers (or some intermediate combination)for use in classrooms.  FIGURE 1-2
-Refer to Figure 1-2.For the school board,what is the opportunity cost of one additional textbook?
A)2000 laptops 
B)1000 laptops 
C)1/100 of a laptop 
D)1/1000 of a laptop 
E)1/10 of a laptop

Quizplus · Accepted Answer

The Answer of With a budget of $500 000,a school board can choose to purchase 20 000 textbooks or 2000 laptop computers (or some intermediate combination)for use in classrooms.  FIGURE 1-2
-Refer to Figure 1-2.For the school board,what is the opportunity cost of one additional textbook?
A)2000 laptops 
B)1000 laptops 
C)1/100 of a laptop 
D)1/1000 of a laptop 
E)1/10 of a laptop

With a Budget of $500 000,a School Board Can Choose