Question

Lesson 2 Assignment

Answer 1

The cost opportunity from B to D is 15 surfboards, while the cost opportunity from D to A is 6 motorcycles.

What is the opportunity cost?

In economics, opportunity cost refers to what is lost if one alternative is chosen over another. For example, if a country decides to manufacture only cars they are losing the opportunity to manufacture other products such as cellphones.

Opportunity cost from B to D:

If you choose Combo B instead of D you lose the opportunity to manufacture 15 more surfboards

• (27-12 = 15).

Opportunity cost from D to A:

If you choose Combo A instead of D, you lose the opportunity to manufacture 6 motorcycles

• (0 to 6= 6).

Poing F and G:

Points F and G imply that if you manufacture 3 motorcycles you can only manufacture 21 surfboards (F), and if you manufacture 5 motorcycles the production of surfboards increases by 3 (24 surfboards).

Learn more about opportunity cost in: brainly.com/question/17204577