Below is production possibilities data for the countries of Mental and Etheric.

-Refer to the information above to answer this question.What is the opportunity cost of one unit of rice cakes in Etheric?

Question

Below is production possibilities data for the countries of Mental and Etheric.
 
-Refer to the information above to answer this question.What is the opportunity cost of one unit of rice cakes in Etheric?

Quizplus · Accepted Answer

To find the opportunity cost of one unit of rice cakes in Etheric, we need to look at the slope of the production possibilities curve. From the table, we can see that to produce one more unit of rice cakes in Etheric, they would have to give up producing 1.33 units of soya milk. Therefore, the opportunity cost of one unit of rice cakes in Etheric is 1.33 units of soya milk. As for the best choice, it depends on the specific goals and preferences of Mental and Etheric. Without further information, we cannot determine the best choice.

Below Is Production Possibilities Data for the Countries of Mental