The opportunity cost for the Congo to produce additional diamonds is <u>C. 4 thousand units of corn</u>.
<h3>What are opportunity costs?</h3>
Opportunity costs are the benefits of an alternative decision when the decision maker rejects the alternative.
For instance, the opportunity cost of going to college is the earnings forgone.
The opportunity cost is computed as the lost benefit when an alternative decision is not pursued.
Fractionally, the opportunity cost of producing one product A) to another (B) = Units of B / Units of A.
<h3>Data and Calculations:</h3>
United States opportunity cost to produce diamonds = 60/10 = 6
United States opportunity cost to produce corns = 10/60 = 1/6
Congo's opportunity cost to produce diamonds = 20/5 = 4
Congo's opportunity cost to produce corn = 5/20 = 1/4
Thus, the opportunity cost for the Congo to produce additional diamonds is <u>C. 4 thousand units of corn</u>.
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Answer:
C. Increased knowledge of the world.
Explanation:
The rest of the options aren't beneficial.
There are eight hydrogen atoms as it states H8
Answer: the industry that most closely approximates the conditions of the oligopoly model is airlines.
Explanation: oligopoly is a market situation made up of small entities which are independent in their working and they do not have any influence on each other. airlines industries and automobiles industries are two well known examples of oligopoly markets.
In oligopoly markets:-
- industry is dominated by small number of sellers sellers are aware of each others action
- decision of one firm effect the decisions of other firms
- they are concentrated less in monopoly more in competitive system
- increasement of interdependence
oligopoly is a market situation in which small number of firms who together have substantial influence over a certain industry or markets.
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