The opportunity cost in terms of toothbrushes of getting 10 additional toasters by moving from point B to point A is

Question

BlackTom AI · Accepted Answer

To tackle this question, start by understanding the concept: opportunity cost is what you must give up of one good to obtain more of another when moving along a production possibilities frontier.
Option 1: zero, since the economy has the additional resources to produce 10 additional toasters. This is incorrect because even with more resources, producing more of one good (toasters) requires sacrificing some quantity of the other good (toothbrushes) if resources are currently allocated on the frontier. The trade-off is the essence of the opportunity cost, not a zero cost.
Option 2: 10 toothbrushes. If the trade-off were 1 toothbrush per toaster (a 1:1 rate), moving from B to A to gain 10 toasters would cost 10 toothbrushes. But the actual slope of the frontier determines the exact rate. Without that slope specified here, assuming 1:1 is unwarranted.
Option 3: 5 toothbrushes. A cost of 5 toothbrushes for 10 toasters would imply a rate of 0.5 toothbrushes per toaster. This would be a relatively favorable trade for toothbrushes, suggesting a much flatter frontier than typical. It does not align with the implied production possibility trade-off in the question.
Option 4: 20 toothbrushes. This option represents a rate of 2 toothbrushes per toaster (since 10 toasters cost 20 toothbrushes). If moving from B to A increases toaster production by 10 while reducing toothbrush production by 20, the opportunity cost is exactly 20 toothbrushes forgone for 10 additional toasters. This aligns with a steeper opportunity cost on the frontier and is consistent with the standard interpretation of moving along a PPF.
In summary, the crucial idea is the trade-off rate between the two goods as you reallocate resources. The only option that matches a 2 toothbrushes per toaster trade-off (20 toothbrushes for 10 more toasters) is option 4, while the others fail to reflect the correct opportunity-cost ratio.

The opportunity cost in terms of toothbrushes of getting 10 additional toasters by moving from point B to point A is单项选择题

类似问题

What distinguishes short-run opportunity cost from long-run opportunity cost?

Based on the production possibilities curve for books and pencils shown, what is the opportunity cost of producing a book?

The following PPF best represents _; in this case, _.

During the time when he was at the concert, Jeff could instead have cooked his Thanksgiving dinner or watched TV. He thinks that if he hadn’t gone to the concert, he would have cooked his dinner. His opportunity cost of attending the concert is the value of

According to the following graph, the opportunity cost of moving from point C to point B is ___.

What is the most likely outcome of an economic policy based on the "Broken Window Fallacy"?

The "Broken Window Fallacy" argues that destruction can actually help the economy.

更多留学生实用工具

智能学习助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单