Exhibit 2-9 Refer to Exhibit 2-9. For Alex, the opportunity cost of producing one unit of good B is ____________ unit(s)of good A.

Name: Exhibit 2-9 Refer to Exhibit 2-9. For Alex, the opportunity cost of producing one unit of good B is ____________ unit(s)of good A.
Brand: Quizplus
Rating: 4.7 (52 reviews)

Question

Exhibit 2-9  Refer to Exhibit 2-9. For Alex, the opportunity cost of producing one unit of good B is ____________ unit(s)of good A.

Quizplus · Accepted Answer

The opportunity cost of producing one unit of good B for Alex is 0.33 unit(s) of good A, calculated as (2A/6B) = 0.33. Therefore, Alex should produce more of good B as its opportunity cost in terms of good A is lower.