-In the table above, country B is producing 4 units of X and 6 units of Y. For country B, the opportunity cost of producing an additional unit of Y is
A) 3 units of X.
B) 1/2 unit of X.
C) 2/3 unit of X.
D) 2 units of X.

Question

-In the table above, country B is producing 4 units of X and 6 units of Y. For country B, the opportunity cost of producing an additional unit of Y is
A) 3 units of X. 
B) 1/2 unit of X. 
C) 2/3 unit of X. 
D) 2 units of X.

Quizplus · Accepted Answer

The opportunity cost of producing an additional unit of Y is the amount of X that must be given up. If country B is producing 4 units of X and 6 units of Y, and the opportunity cost is 2/3 unit of X, it means for every additional unit of Y, 2/3 unit of X is sacrificed.

-In the Table Above, Country B Is Producing 4 Units