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MICROECONOMICS CH : 2 CENTRAL PROBLEMS OF AN ECONOMY — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 2 CENTRAL PROBLEMS OF AN ECONOMY2 Marks
Question
Find marginal opportunity cost when shifting some resources from Use-1 to Use-2 causes a loss of output of 1,500 units in Use-1 and gain of output of 1,000 units in Use-2.
✓

Answer

Marginal opportunity cost = $\frac{\Delta Y (\text { loss of output in Use }-1)}{\Delta X (\text { gain of output in Use }-2)}=\frac{1,500}{1,000}=1.5$.

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