Question

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

Answer 1

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