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Keisha can produce the following combinations of X and Y: 100X and 20Y, 50X and 30Y, or 0X and 40Y. The opportunity cost of one unit of Y for Keisha is Group of answer choices

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Answer:

5 units of x

Explanation:

Keisha's production possibilities frontier:

100x                 20y

50x                  30y

0x                     40y

the opportunity cost of producing 1 unit of y = 50/10 = 5 units of x

The opportunity cost refers to the extra costs or benefits lost resulting from choosing one investment or activity over another alternative. In this case, if Keisha wants to produce one more unit of y, she will not be able to produce five units of x (trade-off)

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