If a country can produce 300 units of X or 200 units of Y. The opportunity cost of 1X is:

Name: If a country can produce 300 units of X or 200 units of Y. The opportunity cost of 1X is:
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Quizplus · Accepted Answer

The opportunity cost of 1 unit of X is the amount of Y that could have been produced instead. If 300 units of X can be produced instead of 200 units of Y, then the opportunity cost of 1 unit of X is 200/300 = 0.67 units of Y.

If a Country Can Produce 300 Units of X or 200