The following graph shows the production possibilities curve for the economy with only two members, Silvia and Art. Silvia can produce either 50 pounds of beef or 2 computers per week, and Art can produce 100 pounds of beef or 1 computer per week. Both of them work 40 weeks per year.Silvia's opportunity cost of producing one computer is ________ pounds of beef.

A. 1/50
B. 25
C. 1/25
D. 50


Answer: B

Economics

You might also like to view...

What are the pros and cons of using cold turkey disinflation compared to a policy of gradualism?

What will be an ideal response?

Economics

If you have a choice between consuming bundle X or bundle Y, the opportunity cost of consuming bundle X is bundle Y

a. True b. False Indicate whether the statement is true or false

Economics

The reform of the welfare system passed by Congress and signed by President Clinton changed the benefits for welfare recipients as it

a. decreased the number of people eligible for benefits, increased the benefit amount for those still eligible, and set a maximum coverage period of five years b. decreased the number of people eligible for benefits, cut the benefit amount for those still eligible, and set a maximum coverage period of three years c. increased the number of people eligible for benefits, cut the benefit amount for those still eligible, and set a maximum coverage period of three years d. decreased the number of people eligible for benefits, cut the benefit amount for those still eligible, and set a maximum coverage period of five years e. froze the number of people eligible for benefits, cut the benefit amount for those still eligible, and set a maximum coverage period of three years

Economics

You put money into an account and earn a real interest rate of 4 percent. Inflation is 2 percent, and your marginal tax rate is 25 percent. What is your after-tax real rate of interest?

a. 1.5 percent. b. 2.5 percent. c. 5.0 percent. d. 4.5 percent.

Economics