The United States, at the point where it is currently producing, must give up the production of 300 motorcycles to produce 15 additional SUVs with the same resources.Which of the following is the opportunity cost of producing 100 motorcycles?
A.1 SUV
B.5 SUVs
C.7 SUVs
D.15 SUVs
Correct Answer:
Verified
Q7: If the opportunity costs of production are
Q22: Countries that engage in trade will tend
Q29: Taken collectively, people in nations that engage
Q33: The belief that trade must be bad
Q34: (Table: Production Possibilities for Machinery and Petroleum)
Q35: (Table: Production Possibilities for Machinery and Petroleum)
Q36: The United States can produce 30 computers
Q43: The Leontief paradox is the surprising discovery
Q44: Which of the following trade patterns is
Q50: Bangladesh exports shirts,the making of which is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents