Table 3-5

-Refer to Table 3-5.What is the opportunity cost of one airplane for Canada?
A)4 cars
B)3 cars
C)1/3 car
D)1/4 car

Question

Table 3-5
 
-Refer to Table 3-5.What is the opportunity cost of one airplane for Canada?
A)4 cars 
B)3 cars 
C)1/3 car 
D)1/4 car

Quizplus · Accepted Answer

The opportunity cost of one airplane for Canada is 4 cars, which means that for every airplane Canada produces, it gives up the production of 4 cars. Therefore, the best choice for Canada would be to produce cars as they have a lower opportunity cost compared to airplanes.

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