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How do find opportunity costs

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Reference no: EM133144645

How do I find opportunity costs from the chart below? 

US & JAPAN

 

US

JAPAN

Cars

12

10

Computers

4

6

US:                                                   JAPAN:

1 car =     1/3    computer                1 car =   3/5    computer

1 computer =   3   car              1 computer =    5/3    car

  1. What is the US's opportunity cost of making cars?
  2. What is Japan's opportunity cost of making cars?
  3. What is US's opportunity cost of making computers?
  4. What is Japan's opportunity cost of making computers?

Reference no: EM133144645

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