Respuesta :
Suppose Peru decides to increase its production of rubies by 30. The opportunity cost of this decision is 1 emerald.
The opportunity cost of 1 unit of production = maximum production of other good /maximum production of the good
the maximum production is denoted by the intercept of the curve on the respective axis
The opportunity cost of one ruble =8/240=1/30
The opportunity cost of 30 rubles =Opportunity cost of one ruble * 30
=(1/30)*30
=1 emerald
- Opportunity costs are the potential gains that a person, investor, or company forgoes by selecting one option over another. Opportunity costs are by nature invisible, thus it is simple to miss them. Better choices may be made when a firm or individual is aware of the opportunities that can be lost by selecting one investment over another.
- Opportunity cost is a wholly internal expense that is only considered from a strategic standpoint; it is not accounted for in accounting profit and is not reported to external parties.
- Opportunity costs include things like choosing to build a new manufacturing facility in Los Angeles rather than Mexico City, forgoing an equipment update for the business, or choosing the most costly product packaging choice over less expensive ones.
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