With a budget of $500 000,a school board can choose to purchase 20 000 textbooks or 2000 laptop computers (or some intermediate combination)for use in classrooms. FIGURE 1-2
-Refer to Figure 1-2.For the school board,what is the opportunity cost of one additional laptop computer?
A)0 textbooks
B)1/10 of a textbook
C)10 textbooks
D)20 textbooks
E)2000 textbooks

Question

With a budget of $500 000,a school board can choose to purchase 20 000 textbooks or 2000 laptop computers (or some intermediate combination)for use in classrooms.  FIGURE 1-2
-Refer to Figure 1-2.For the school board,what is the opportunity cost of one additional laptop computer?
A)0 textbooks 
B)1/10 of a textbook 
C)10 textbooks 
D)20 textbooks 
E)2000 textbooks

Quizplus · Accepted Answer

The opportunity cost of one additional laptop computer is the number of textbooks that must be given up. According to the information provided, it is 10 textbooks.

With a Budget of $500 000,a School Board Can Choose