Table 3-2
Assume that Aruba and Iceland can switch between producing coolers and producing radios at a constant rate.

-Refer to Table 3-2.Suppose Aruba decides to increase its production of radios by 10.What is the opportunity cost of this decision?
A) 0.25 coolers
B) 2.5 coolers
C) 4 coolers
D) 25 coolers

Question

Table 3-2
Assume that Aruba and Iceland can switch between producing coolers and producing radios at a constant rate.
 
-Refer to Table 3-2.Suppose Aruba decides to increase its production of radios by 10.What is the opportunity cost of this decision?
A) 0.25 coolers 
B) 2.5 coolers 
C) 4 coolers 
D) 25 coolers

Quizplus · Accepted Answer

The Answer of Table 3-2
Assume that Aruba and Iceland can switch between producing coolers and producing radios at a constant rate.
 
-Refer to Table 3-2.Suppose Aruba decides to increase its production of radios by 10.What is the opportunity cost of this decision?
A) 0.25 coolers 
B) 2.5 coolers 
C) 4 coolers 
D) 25 coolers

Table 3-2 Assume That Aruba and Iceland Can Switch Between Producing Coolers