Table 3-5

-Refer to Table 3-5.The opportunity cost of 1 airplane for Japan is
A)5 cars.
B)4 cars.
C)1/4 car.
D)1/5 car.

Name: Table 3-5 -Refer to Table 3-5.The opportunity cost of 1 airplane for Japan is A)5 cars. B)4 cars. C)1/4 car. D)1/5 car.
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Question

Table 3-5
 
-Refer to Table 3-5.The opportunity cost of 1 airplane for Japan is
A)5 cars. 
B)4 cars. 
C)1/4 car. 
D)1/5 car.

Quizplus · Accepted Answer

The opportunity cost of producing 1 airplane in Japan is the number of cars that could have been produced instead. If Japan gives up 5 cars to produce 1 airplane, then the opportunity cost is 5 cars.

Table 3-5 -Refer to Table 3-5.The Opportunity Cost of 1 Airplane for of 1