Exhibit 33-1

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

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

Quizplus · Accepted Answer

The opportunity cost of producing one unit of X in country A is the amount of Y that could have been produced instead. Given that country A can produce 30 units of X or 45 units of Y, the opportunity cost of producing one unit of X is 45 units of Y divided by 30 units of X, which equals 1.5 units of Y.

Exhibit 33-1 ​

Exhibit 33-1