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QUESTION 53 Exhibit 34-5 Country 1 Country 2 Good A Good B Good A Good B 100 0 75 0 80 10 60 30 60 20 45 60 40 30 30 90 20 40 15 120 0 50 0 150 Refer to Exhibit 34-5. The opportunity cost...

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Economics

QUESTION 53

  1. Exhibit 34-5

    Country 1

    Country 2

    Good A

    Good B

    Good A

    Good B

    100

    0

    75

    0

    80

    10

    60

    30

    60

    20

    45

    60

    40

    30

    30

    90

    20

    40

    15

    120

    0

    50

    0

    150



    Refer to Exhibit 34-5. The opportunity cost of one unit of good Bis __________ for country 1 and __________ for country 2.

    20A; 15A

    1/20A; 1/15A

    10A; 15A

    1/2A; 1A

    2A; 1/2A

Answer & Explanation Solved by verified expert
3.8 Ratings (351 Votes)
Answer 53 The correct answer is e 2A 12 A COUNTRY 1 We can see from above table that Country A can produce either 100 units of A and 0 units of B or 80 units of A and 10 units of B This means that in order to increase production of B from 0 to 10    See Answer
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