In one year,a weapons plant can manufacture either 1,000 more guns or 50 more tanks.The plant's opportunity cost of an extra tank is approximately

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Quizplus · Accepted Answer

The opportunity cost of producing one more tank is the number of guns that could have been produced instead. Since 50 tanks could be produced instead of 1,000 guns, the opportunity cost of one tank is 1,000 guns / 50 tanks = 20 guns.

In One Year,a Weapons Plant Can Manufacture Either 1,000 More