1.1 Economic methodology and the economic problem

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Question 40
Easy

An economy allocates its scarce resources between the production of healthcare services and education services. The table below shows the maximum combinations of the two services that can be produced with its current resources and technology:

CombinationHealthcare services (units)Education services (units)
P0600
Q100550
R180480
S240380
T280240
U3000

The economy is currently operating at combination R. If the government decides to move to combination S to increase healthcare services, what is the opportunity cost of this decision?

606060 units of healthcare services

100100100 units of education services

1.671.671.67 units of education services

380380380 units of education services

1.1 Economic methodology and the economic problem Questions

  1. A Level
  2. /Economics
  3. /1.1 Economic methodology and the economic problem