70128 (5 complete) HW Score: 17.86%, 5 of 28 pts ext Problem 2-13 amten Help * A

Question

70128 (5 complete) HW Score: 17.86%, 5 of 28 pts ext Problem 2-13 amten Help * A nation's residents can allocate their scarce resources either to producing producing human capital-that is, providing themselves with training and education. The table to the right displays the production possiblities for this nation. Units of Uelits of Combintion GoodsCapltal Production Consumption Human If the nation's residents currently produce combination A, the opportunity cost of increasing tho production of consumption goods by 10 units isunits of human capital. 10 20 30 97 90 75 50 30

Explanation / Answer

The opportunity cost of increasing the production of consumption goods by 10 units = 100-97 =3 units of human capital

Thus the country has to sacrifice 3 units of human capital

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