If countries A and B produce only either rubber bands or paper clips, their maximum outputs are shown in the accompanying produc

Question

Illusion [34]

2 years ago

13

If countries A and B produce only either rubber bands or paper clips, their maximum outputs are shown in the accompanying produc

tion possibilities schedules.

SAT

1 answer:

katovenus [111] · Answer 1 · 2023-04-04T19:18:20+03:00

In Country A, the opportunity cost of one paper clip is 1/2. Option C

<h3>What is opportunity cost?</h3>

The opportunity cost refers to the alternative forgone in production. It means that it is the option that is chosen in the midst of other possibilities.

We can see from the table that in Country A, the opportunity cost of one paper clip is 1/2.

Learn more about opportunity cost: brainly.com/question/13036997

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Missing parts

If countries A and B produce only either rubber bands or paper clips, their maximum outputs are shown in the accompanying production possibilities schedules.

In country A the opportunity cost of 1 paper clip is

A.2 rubber bands.

B.1 rubber band

C.1/2 rubber band.

D.1/4 rubber band.