If Japan Must Give Up the Production of 75 Computers

question 228

Multiple Choice

If Japan must give up the production of 75 computers to produce 25 additional cellular telephones,the opportunity cost of producing 4 cellular telephones is _____ computers.

• A)4
• B)12
• C)71
• D)79

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Definitions:

Positive Output

The production of a quantity greater than zero, indicating active operation or production levels in a business or economy.

Average Total Cost

The total cost of production (fixed and variable costs combined) divided by the total output, indicating the average cost per unit of output.

Marginal Cost Curve

A graphical representation showing how the cost to produce one additional unit changes with the level of production.

Rising

Often refers to the increase in value, quantity, or level of something over time, frequently used in the context of prices, temperatures, or other measurable factors.