140k views
4 votes
If an economy can produce a maximum of 100 units of good X and the opportunity cost of 1X is always 5Y, then what is the maximum number of units of good Y the economy can produce? Group of answer choices

1 Answer

2 votes

Answer:

500 units

Step-by-step explanation:

Calculation for the maximum number of units of good Y to produce

Using this formula

Maximum number of units to produce=Maximum units of good X × Opportunity cost of 1X

Let plug in the formula

Maximum number of units to produce= 100 units× 5Y

Maximum number of units to produce=500 units

Therefore the Maximum number of units to produce will be 500 units

User David Lovell
by
7.9k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.