Figure 18.2

-Refer to Figure 18.2. The opportunity cost of producing fishing poles in Macadamia is

Name: Figure 18.2 -Refer to Figure 18.2. The opportunity cost of producing fishing poles in Macadamia is
Brand: Quizplus
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Question

Figure 18.2
 
-Refer to Figure 18.2. The opportunity cost of producing fishing poles in Macadamia is

Quizplus · Accepted Answer

The opportunity cost of producing one unit of a good is found by dividing the loss in the other good by the gain in the good being produced. If Macadamia produces one more fishing pole, it gives up the opportunity to produce 6/5 spears, based on the information provided in the question.

Figure 18.2 -Refer to Figure 18.2. the Opportunity Cost of Producing Fishing