Use the following table to determine the answer. Tablets
Tablets Laptops
250 50
200 60
150 70
100 80
50 90

The table shows the production possibilities for a technology company that produces both tablets and laptops that utilize the same resources. What is the opportunity cost of producing a single laptop?

Answers

Answer 1
Looking at the table, the opportunity cost of producing a single laptop can be determined by finding the amount of tablets that must be given up to produce one laptop. This is because the company has a limited amount of resources that can be used to produce either laptops or tablets. The opportunity cost of producing a single laptop is the number of tablets that could have been produced with the same resources.
To calculate the opportunity cost of producing a single laptop, we can look at the table and find the number of tablets that must be given up to produce one laptop. For example, if the company produces 250 tablets and 50 laptops, the opportunity cost of producing one laptop would be 5 tablets (250 tablets ÷ 50 laptops = 5 tablets per laptop). Therefore, for every laptop produced, the company must give up the production of 5 tablets.
Using this method, we can calculate the opportunity cost of producing a single laptop for each row in the table. The results are as follows:
Opportunity cost of producing a single laptop when producing 250 tablets and 50 laptops: 5 tablets
Opportunity cost of producing a single laptop when producing 200 tablets and 60 laptops: 3.33 tablets
Opportunity cost of producing a single laptop when producing 150 tablets and 70 laptops: 2.14 tablets
Opportunity cost of producing a single laptop when producing 100 tablets and 80 laptops: 1.25 tablets
Opportunity cost of producing a single laptop when producing 50 tablets and 90 laptops: 0.56 tablets
Therefore, the opportunity cost of producing a single laptop varies depending on the production possibilities of the company.

Related Questions

A federal judge issued an opinion on a voting rights case in which she wrote, “The Voting Rights Act of 1965 provides for these commissions. The Supreme Court, in Johnson V. Albemarle (1973) upheld the legality of these commissions. I see no reason today to prevent these commissions from acting.” Based on this opinion, this judge primarily employed the ______ model when coming to a decision in this case.

a.
attitudinal

b.
originalist

c.
legal

d.
strategic

Answers

The correct answer is option C. A federal judge issued an opinion on a voting rights case in which she wrote, “The Voting Rights Act of 1965 provides for these commissions. The Supreme Court, in Johnson V. Albemarle (1973) upheld the legality of these commissions. I see no reason today to prevent these commissions from acting.” Based on this opinion, this judge primarily employed the legal model when coming to a decision in this case.

The judge primarily employed the legal model when coming to a decision in this case. The judge referenced the Voting Rights Act of 1965 and the Supreme Court's ruling in Johnson v. Albemarle (1973) to support the legality of the commissions in question. By citing these legal authorities, the judge demonstrated a reliance on the existing laws and legal precedents to guide her decision-making process. The legal model involves interpreting and applying the law as it exists, considering statutes, regulations, and court decisions to determine the legal basis for a ruling. In this case, the judge's focus on the relevant laws and prior court decisions indicates a primary adherence to the legal model.

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