Table 1.1 shows the hypothetical trade-off between different combinations of Stealth bombers and B-1 bombers that might be produced in a year with the limited U.S. capacity, ceteris paribus. Complete the table by calculating the required opportunity costs for both the B-1 and Stealth bombers. On the basis of your calculations in Table 1.1, what is the opportunity cost of producing at point V rather than point U?
A) 3 B-1 bombers.
B) 1 B-1 bomber.
C) 4 Stealth bombers.
D) 3 Stealth bombers.

Question

Table 1.1 shows the hypothetical trade-off between different combinations of Stealth bombers and B-1 bombers that might be produced in a year with the limited U.S. capacity, ceteris paribus. Complete the table by calculating the required opportunity costs for both the B-1 and Stealth bombers.  On the basis of your calculations in Table 1.1, what is the opportunity cost of producing at point V rather than point U?
A) 3 B-1 bombers. 
B) 1 B-1 bomber. 
C) 4 Stealth bombers. 
D) 3 Stealth bombers.

Quizplus · Accepted Answer

The Answer of Table 1.1 shows the hypothetical trade-off between different combinations of Stealth bombers and B-1 bombers that might be produced in a year with the limited U.S. capacity, ceteris paribus. Complete the table by calculating the required opportunity costs for both the B-1 and Stealth bombers.  On the basis of your calculations in Table 1.1, what is the opportunity cost of producing at point V rather than point U?
A) 3 B-1 bombers. 
B) 1 B-1 bomber. 
C) 4 Stealth bombers. 
D) 3 Stealth bombers.

Table 11 Shows the Hypothetical Trade-Off Between Different Combinations of Stealth