Table 2.2.Output possibilities for South Korea and Japan

-Referring to Table 2.2,the opportunity cost of one VCR in Japan is:
A) 1 ton of steel
B) 2 tons of steel
C) 3 tons of steel
D) 4 tons of steel

Question

Table 2.2.Output possibilities for South Korea and Japan
 
-Referring to Table 2.2,the opportunity cost of one VCR in Japan is:
A) 1 ton of steel 
B) 2 tons of steel 
C) 3 tons of steel 
D) 4 tons of steel

Quizplus · Accepted Answer

The opportunity cost of one VCR in Japan is 1 ton of steel because in Table 2.2, it is given that 1 VCR = 1 ton of steel.

Table 2.2.Output Possibilities for South Korea and Japan