Answered: Com 120.000 80.000 40.000 A Robots…

Com 120.000 80.000 40.000 A Robots 5.000 10.000 15.000 In the graph above, the opportunity cost of producing one more robot is 1 corn. 8 corn. 5,000 corn. 15,000 corn.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter2: Scarcity And Opportunity Costs

Section: Chapter Questions

Problem 10E

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Concept explainers

Opportunity Cost Analysis

Opportunity cost refers to the loss of potential benefits when choosing one alternative over another. It is the tradeoff a person makes, or the potential gains they miss out on, because of their choice. To analyze opportunity cost, we must consider the benefits and tradeoffs of each available option.

Question

Com
120.000
80.000
40.000
Robots
5.000
10.000
15.000
In the graph above, the opportunity cost of producing one more robot is
A
1 corn.
8 corn.
5,000 corn.
15,000 corn.

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