1. The tables provide information about Virtual Reality’s production possibilities.
TV SETS (PER DAY) COMPUTERS (PER DAY)
0 36
10 35
20 33
30 30
40 26
50 21
60 15
70 8
80 0
A) Calculate virtual reality’s opportunity cost of a TV set when it produces 10 sets a day.
B) Calculate virtual reality’s opportunity cost of a TV set when it produces 40 sets a day.
C) Calculate virtual reality’s opportunity cost of a TV set when it produces 70 sets a day.
D) Using the answer to parts (A), (B) and (C), sketch the relationship between the opportunity cost of a TV set and the quantity of TV sets produced in virtual reality.
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