Table 2-1

-Refer to Table 2-1. What is the opportunity cost of increasing the production of cheese from 900 kg to 1200 kg?

Question

Table 2-1
 
-Refer to Table 2-1. What is the opportunity cost of increasing the production of cheese from 900 kg to 1200 kg?

Quizplus · Accepted Answer

The opportunity cost is the number of computers that must be forgone to increase cheese production from 900 kg to 1200 kg. If the table indicates that 50 computers are the difference in production when cheese production increases by 300 kg, then the opportunity cost is 50 computers.

Table 2-1 -Refer to Table 2-1. What Is the Opportunity Cost of the Opportunity