suppose that a nation currently is producing combination d in the table below and on the graph of the…

suppose that a nation currently is producing combination d in the table below and on the graph of the production possibilities curve to the right. what is the opportunity cost of producing 5.0 million more smartphones and moving to production combination c? the opportunity cost of producing 5.0 million more smartphones and moving from production combination d to production combination c is □ million tablet devices per year. (enter your response as a whole number.)\n\ncombination\nsmartphones (millions per year)\ntablets (millions per year)\na\n50.0\n0\nb\n48.0\n10\nc\n45.0\n20\nd\n40.0\n30\ne\n33.0\n40\nf\n22.5\n50\ng\n0.0\n60

suppose that a nation currently is producing combination d in the table below and on the graph of the production possibilities curve to the right. what is the opportunity cost of producing 5.0 million more smartphones and moving to production combination c? the opportunity cost of producing 5.0 million more smartphones and moving from production combination d to production combination c is □ million tablet devices per year. (enter your response as a whole number.)\n\ncombination\nsmartphones (millions per year)\ntablets (millions per year)\na\n50.0\n0\nb\n48.0\n10\nc\n45.0\n20\nd\n40.0\n30\ne\n33.0\n40\nf\n22.5\n50\ng\n0.0\n60

Answer

Explanation:

Step1: Identify tablet - production at D and C

At combination D, tablet production is 30 million. At combination C, tablet production is 20 million.

Step2: Calculate the difference

The opportunity cost is the decrease in tablet production when moving from C to D. So, we subtract the tablet - production at C from the tablet - production at D. $30 - 20=10$.

Answer:

10