-Refer to Exhibit 2-9.For Alex,the opportunity cost of producing one unit of good B is ____________ unit(s) of good A.

Question

-Refer to Exhibit 2-9.For Alex,the opportunity cost of producing one unit of good B is ____________ unit(s)of good A.

Quizplus · Accepted Answer

The opportunity cost of producing one unit of good B for Alex is found by dividing the amount of good A that could be produced instead. If the exhibit shows, for example, that Alex can produce 3 units of good A or 9 units of good B, then the opportunity cost of producing 1 unit of good B is 3/9 = 0.33 units of good A.