(Exhibit: Opportunity Cost) Video game production increases from 35,000 games to 50,000 games. In this economy, what is the opportunity cost?
$\begin{array}{|l|l|l|l|l|l|}
\hline \text { Cell phones } & 50,000 & 40,000 & 30,000 & 20,000 & 10,000 \
\hline \text { Video games } & 15,000 & 20,000 & 35,000 & 45,000 & 50,000 \
\hline
\end{array}$

Question

(Exhibit: Opportunity Cost) Video game production increases from 35,000 games to 50,000 games. In this economy, what is the opportunity cost?
 $\begin{array}{|l|l|l|l|l|l|}
\hline \text { Cell phones } & 50,000 & 40,000 & 30,000 & 20,000 & 10,000 \
\hline \text { Video games } & 15,000 & 20,000 & 35,000 & 45,000 & 50,000 \
\hline
\end{array}$

Quizplus · Accepted Answer

The opportunity cost of increasing video game production from 35,000 to 50,000 games is the amount of cell phones that could have been produced instead. Looking at the table, when video game production increases from 35,000 to 50,000, cell phone production decreases from 30,000 to 10,000. Therefore, the opportunity cost is 20,000 cell phones.

(Exhibit: Opportunity Cost) Video Game Production Increases from 35,000 Games