Exhibit 33-1

-Refer to Exhibit 33-1. The opportunity cost of one unit of Y in country A is

Name: Exhibit 33-1 -Refer to Exhibit 33-1. The opportunity cost of one unit of Y in country A is
Brand: Quizplus
Rating: 4.9 (41 reviews)

Question

Exhibit 33-1
  ​
-Refer to Exhibit 33-1. The opportunity cost of one unit of Y in country A is

Quizplus · Accepted Answer

The opportunity cost of producing one unit of Y in country A is the amount of X that could have been produced instead. If the exhibit shows that country A can produce Y at the cost of 0.67 units of X, then the opportunity cost of one unit of Y is 0.67 units of X.

Exhibit 33-1 ​

Exhibit 33-1