How does the authors description of the period before the storm.
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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.
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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.
There are different kinds of vendors. The best that I can identify and recommend is Vendor V in the diagram attached.
The seasonal product team should consider taking or using Vendor V. This is because of their performance. When you look at the diagram, you will see that their performance is better in all parameter given in the table (Diagram attached).
Vendor V is in all parameters improving the performance of all the four elements and it can easily adjust to any seasonal changes.
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