-Refer to the above table. Assuming that opportunity costs are constant, the opportunity cost of producing a bicycle in the United States is equal to ________, and the opportunity cost of producing a bicycle in Mexico is ________.
A)4 computers; 0.5 computer
B)0.25 computer; 2 computers
C)2.67 bicycles; 0.33 computers
D)0.375 computer; 3 bicycles

Question

-Refer to the above table. Assuming that opportunity costs are constant, the opportunity cost of producing a bicycle in the United States is equal to ________, and the opportunity cost of producing a bicycle in Mexico is ________.
A)4 computers; 0.5 computer 
B)0.25 computer; 2 computers 
C)2.67 bicycles; 0.33 computers 
D)0.375 computer; 3 bicycles

Quizplus · Accepted Answer

The opportunity cost of producing a bicycle in the United States is 4 computers, and the opportunity cost of producing a bicycle in Mexico is 0.5 computer. This is because the United States can produce 4 computers with the same resources that it takes to produce 1 bicycle, while Mexico can produce 0.5 computer with the same resources that it takes to produce 1 bicycle.

-Refer to the Above Table