Table 3-5

-Refer to Table 3-5.What is the opportunity cost of one airplane for Japan?

Name: Table 3-5 -Refer to Table 3-5.What is the opportunity cost of one airplane for Japan?
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Question

Table 3-5
 
-Refer to Table 3-5.What is the opportunity cost of one airplane for Japan?

Quizplus · Accepted Answer

From Table 3-5, we can see that the opportunity cost of producing one airplane for Japan is 3 cars. Therefore, Japan should produce airplanes instead of cars if the exchange rate is such that they can receive more than 3 cars for each airplane sold.

Table 3-5 -Refer to Table 3-5.What Is the Opportunity Cost of One