The opportunity cost of computers in terms of automobiles equals the unit labor
ID: 1148286 • Letter: T
Question
The opportunity cost of computers in terms of automobiles equals
the unit labor requirement for computers.
the unit labor requirement for automobiles.
the number of computers that must be given up to release just enough resources to produce one additional automobile.
the number of automobiles that must be given up to release just enough resources to produce one additional computer.
none of the above.
the unit labor requirement for computers.
the unit labor requirement for automobiles.
the number of computers that must be given up to release just enough resources to produce one additional automobile.
the number of automobiles that must be given up to release just enough resources to produce one additional computer.
none of the above.
Explanation / Answer
The opportunity cost of computers in terms of automobiles equals:
- The number of automobiles that must be given up to release just enough resources to produce one additional computer. (by definition)
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