-If the U.S. and Japan have the production possibilities shown in the table, the opportunity cost for Japan of producing one ton of grain is:

Question

Quizplus · Accepted Answer

The opportunity cost of producing one unit of a good is determined by the amount of the other good that must be given up to produce that unit. In this case, for Japan to produce one more ton of grain, it must give up 24,000 microchips, as indicated by the production possibilities in the question.

-If the US