Once you find the opportunity cost of producing one unit of a good, to find the opportunity cost of producing the other good, you must
A) take the inverse.
B) multiply by the total amount produced of the second good.
C) divide by the total amount produced of the second good.
D) do nothing because the opportunity cost for the first good is the same as the opportunity cost for the second good.
E) None of the answers are correct.

Question

Quizplus · Accepted Answer

The opportunity cost of producing one good in terms of another is the inverse of the opportunity cost of producing the second good in terms of the first.

Once You Find the Opportunity Cost of Producing One Unit