Exhibit 33-1

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

Name: Exhibit 33-1 -Refer to Exhibit 33-1. The opportunity cost of one unit of Y in country B is
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Question

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

Quizplus · Accepted Answer

The opportunity cost of one unit of Y in country B is 0.5 units of X. This is because the production possibilities curve in Exhibit 33-1 shows that country B can produce either 20 units of X or 10 units of Y. Therefore, the opportunity cost of one unit of Y is 20/10 = 2 units of X.

Exhibit 33-1 ​

Exhibit 33-1