Consider the data in the following table.

-Referring to the table above, the opportunity cost of producing a computer in Country B is:
A) 40 bushels of wheat.
B) 30 bushels of wheat.
C) 6 bushels of wheat.
D) 2 bushels of wheat.
E) 1 bushel of wheat.

Question

Consider the data in the following table.
 
-Referring to the table above, the opportunity cost of producing a computer in Country B is:
A) 40 bushels of wheat. 
B) 30 bushels of wheat. 
C) 6 bushels of wheat. 
D) 2 bushels of wheat. 
E) 1 bushel of wheat.

Quizplus · Accepted Answer

The opportunity cost of producing one unit of a good is what is given up from producing another good instead. Without the table, the correct answer cannot be determined. However, assuming choice C is correct, in Country B, producing one computer means giving up 6 bushels of wheat.

Consider the Data in the Following Table