-Refer to Exhibit 2-8.For Maya,the opportunity cost of producing one unit of good X is ___________ unit(s) of good Y.

Name: -Refer to Exhibit 2-8.For Maya,the opportunity cost of producing one unit of good X is ___________ unit(s)of good Y.
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Question

-Refer to Exhibit 2-8.For Maya,the opportunity cost of producing one unit of good X is ___________ unit(s)of good Y.

Quizplus · Accepted Answer

The opportunity cost of producing one unit of good X is the amount of good Y that must be given up. If Maya's opportunity cost is 0.50 units of good Y for each unit of good X, then for every unit of X produced, she sacrifices 0.50 units of Y.