-According to the above table, which assumes that opportunity costs of producing goods X and Y are constant, the opportunity cost of producing one unit of Good X is ________ units of Good Y for Chen and ________ units of Good Y for Holly.
A) 25; 100
B) 0.5; 2.5
C) 2; 0.4
D) 100; 25

Question

-According to the above table, which assumes that opportunity costs of producing goods X and Y are constant, the opportunity cost of producing one unit of Good X is ________ units of Good Y for Chen and ________ units of Good Y for Holly.
A) 25; 100 
B) 0.5; 2.5 
C) 2; 0.4 
D) 100; 25

Quizplus · Accepted Answer

The opportunity cost is calculated by dividing the amount of Good Y given up by the amount of Good X produced. For Chen, it's 0.5 units of Good Y per unit of Good X, and for Holly, it's 2.5 units of Good Y per unit of Good X.

-According to the Above Table, Which Assumes That Opportunity Costs