Look at the following production possibilities table for smartphones and tablets.The table shows the maximum combination of smartphones and tablets of corn that can be produced,when all resources are fully employed. Production Possibilities
Good A B C D E Based on the above information,

Question

Look at the following production possibilities table for smartphones and tablets.The table shows the maximum combination of smartphones and tablets of corn that can be produced,when all resources are fully employed. Production Possibilities
Good A B C D E  Based on the above information,

Quizplus · Accepted Answer

The opportunity cost of producing 40 instead of 30 smartphones is 30 tablets, which means that for every additional 10 smartphones produced, 30 tablets must be given up. Therefore, the best choice would be to produce 30 smartphones and 60 tablets as it provides the highest combination of both goods without sacrificing too many tablets for smartphones.

Look at the Following Production Possibilities Table for Smartphones and Tablets.The