In one year, a weapons plant can manufacture either 1,000 more guns or 50 more tanks. The plant's opportunity cost of an extra gun is approximately

a. 50 tanks
b. 20 guns
c. 20 tanks
d. 1/20 of a tank
e. 1/50 of a tank

D

Economics

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A profit-maximizing monopolist will never produce on the elastic segment of its demand curve

Indicate whether the statement is true or false

Economics

In general, the riskier the investment, the _____________________ the potential profit rate.

Fill in the blank(s) with the appropriate word(s).

Economics