Japan must give up the production of 100 computers to produce 25 additional cell phones. The opportunity cost of producing four computers is _____ cell phone(s).

Name: Japan must give up the production of 100 computers to produce 25 additional cell phones. The opportunity cost of producing four computers is _____ cell phone(s).
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Question

Quizplus · Accepted Answer

The opportunity cost of producing 1 computer is 25/100 = 0.25 cell phones. Therefore, for 4 computers, it's 4 * 0.25 = 1 cell phone.

Japan Must Give Up the Production of 100 Computers to Produce