If the Nation of Erbia Can Produce 1 Laptop in 4

question 79

Multiple Choice

If the nation of Erbia can produce 1 laptop in 4 hours and 1 refrigerator in 8 hours, then the opportunity cost of producing one more refrigerator is:

• A) 4 laptops.
• B) 2 laptops.
• C) 1 laptop.
• D) 8 laptops.

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Definitions:

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Financially Burdensome

Describing a situation or requirement that imposes a significant financial strain or expense on an individual or organization.