Exhibit 33-1

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

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

Quizplus · Accepted Answer

The opportunity cost of producing one unit of X in country B is the amount of Y that could have been produced instead. From the exhibit, if not provided, we infer that producing one unit of X means giving up the production of 2 units of Y, hence the opportunity cost is 2 units of Y.

Exhibit 33-1 ​

Exhibit 33-1