The opportunity cost of a car is _ truck(s) in the United States and _ truck(s) in England.

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The opportunity cost of a car is _____ truck(s) in the United States and _____ truck(s) in England.

asked Jan 21, 2020 29.0k views

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Dotjoe · Answer 1 · 2020-01-28T07:54:59+0000

Answer:

A) 0.23; 0.67

Step-by-step explanation:

The opportunity cost refers to the benefits an individual or firm loses when opting for a different alternative. Verbally, that means if you go for a car, you lose not having a truck in the US and a truck in England.

In numeric terms, your choice for getting a car represents 1. Also, the 1 as a whole (100%) can be split further to percents - having a 0.23 truck in the US and 0.67 truck in England.

The opportunity cost of a car is _ truck(s) in the United States and _ truck(s) in England.

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The opportunity cost of a car is​ _____ truck(s) in the United States and​ _____ truck(s) in England.

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The opportunity cost of a car is _ truck(s) in the United States and _ truck(s) in England.