(Table: Production in the United States and Germany)According to the table, the opportunity cost of producing oneclock in the United States is _________, and the opportunitycost of producing one clock in Germany is _______.

Question

Quizplus · Accepted Answer

The opportunity cost is calculated by dividing the number of sofas that could be produced in terms of the alternative product. Therefore, in the United States, the opportunity cost of producing one clock is 2.5 sofas (10/4) and in Germany, the opportunity cost of producing one clock is 3 sofas (15/5). Therefore, the best choice is B, as it provides the correct opportunity cost for both countries.

(Table: Production in the United States and Germany)According to the Table