Exhibit 33-4

-Refer to Exhibit 33-4. The opportunity cost of one unit of good B is __________ for country 1 and __________ for country 2.

Question

Exhibit 33-4
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-Refer to Exhibit 33-4. The opportunity cost of one unit of good B is __________ for country 1 and __________ for country 2.

Quizplus · Accepted Answer

The opportunity cost of one unit of good B is calculated by determining how much of good A must be given up to produce one more unit of good B. The given options suggest that for country 1, 5 units of A must be given up for each unit of B, and for country 2, 1 unit of A must be given up for each unit of B.

Exhibit 33-4 ​

Exhibit 33-4