What is the opportunity cost of increasing Headphones from 0 to 5?

Question

2. What is the opportunity cost of increasing Headphones from 10 to 17?
3. What is the opportunity cost of shifting production from Option B to Option A?
4. What is the opportunity cost of increasing Laptops from 0 to 2?
5. What is the opportunity cost of increasing Laptops from 8 to 12?
6. What is the opportunity cost of increasing Laptops from 2 to 10?
7. What is the opportunity cost of shifting production from Option D to Option E?

Answer 1

1. The opportunity cost of increasing Headphones from 0 to 5 would be the goods or services that could have been produced instead of those 5 extra headphones. This could be, for example, the production of 5 additional speakers.
2. The opportunity cost of increasing Headphones from 10 to 17 would be the goods or services that could have been produced instead of those additional 7 headphones. This could be, for example, the production of 7 additional microphones.
3. The opportunity cost of shifting production from Option B to Option A would be the goods or services that could have been produced with the resources allocated to Option B. This could be, for example, the production of a different product or the use of those resources in a different project.
4. The opportunity cost of increasing Laptops from 0 to 2 would be the goods or services that could have been produced instead of those 2 additional laptops. This could be, for example, the production of 2 additional tablets.
5. The opportunity cost of increasing Laptops from 8 to 12 would be the goods or services that could have been produced instead of those additional 4 laptops. This could be, for example, the production of 4 additional smartphones.
6. The opportunity cost of increasing Laptops from 2 to 10 would be the goods or services that could have been produced instead of those additional 8 laptops. This could be, for example, the production of 8 additional desktop computers.
7. The opportunity cost of shifting production from Option D to Option E would be the goods or services that could have been produced with the resources allocated to Option D. This could be, for example, the production of a different product or the use of those resources in a different project.