"The Opportunity Cost of a Mission to Mars. The United States has plans to spend billions of dollars on a mission to Mars. List some of the possible opportunity costs of the mission. What resources will be used to execute the mission, and what do we sacrifice by using these resources in a mission to Mars?"

I've already read the answer provided on this site, but it is not giving me the information I need. I understand the math for finding the opportunity costs for each item in each country. However, where are they getting the answer that 2.5 tons of chemicals is what the US will give up, and 1 ton of apparel is what China will give up? From videos I've seen on youtube, they basically state that as long as the cost is less than what the original opportunity cost is, then nations will trade. So, it costs China 4 apparel for every 1 ton of chemicals, and in the US it costs 1 apparel for every 3 tons of chemicals. Am I right to assume that as long as China can trade less than 4 apparel it will benefit, and as long as the US can trade less than 3 tons of chemicals it will benefit? If so, then what is the math being used to arrive at exactly 1 ton of Chemicals for 1 ton of Apparel for China, and 1 apparel for 2.5 tons of Chemicals for the US? I need to understand the math that is used to…

Adam Smith favors a policy of laissez-faire in managing economic activities. Why?   Economics deals with the efficient use of resources. Why?   Marginal analysis produces more optimal outcomes when working with scarce resources. How?   It is possible for everyone to enjoy a comparative advantage in a task of their choosing. Why?   Larger marketplaces tend to generate more wealth than smaller marketplaces. Why?     Calculate the opportunity cost of producing the first 10 and the last 10 missiles. Discuss if the frontier exhibits increasing opportunity costs       Missiles vs. Milk (millions of gallons)   0                    40 10                  30 20                  20 30                  10 40                    0   -Using the supply and demand model, discuss what would happen to the market price if…   Incomes increase   Technology improves   -When ASU increased its tuition from $200 per credit to $250 per credit the enrollment declined from 50,000 to 40,000. Explain…

Country A has 6 million workers and Country B has 9 million workers. Each worker in Country A can produce 3 units of corn or 2 units of fabric in a year. Each worker in Country B can produce 1 unit of corn or 2 units of fabric in a year. a) What is country A’s opportunity cost of producing one unit of corn (in terms of units of fabric given up)? What is country B’s opportunity cost of producing one unit of fabric (in terms of units of corn given up)? b)  Which country has a comparative advantage in producing corn? c) If the countries do not trade, then in each country, 1/3 of the population produces fabric and 2/3 produces corn. Consider a trade proposal: A trades 2 million units of corn for 1 million units of fabric from B. Assume the two countries first observe the proposal, then adjust the fractions of their population between the two productions, and finally trade according to the proposal. Compared to the case without trade, can the proposal increase each country’s fabric and…

According to the news wire what is the opportunity cost of a single missile test in terms of corn for each of north koreas 26 million people

Opportunity cost is whatever you give up to get something. What is the opportunity cost of staying up all night to study for your economics final exam?  What would you be giving up to stay up all night to study for your exam?

You have 3 attempts remaining. The table below shows various combinations of amounts of fish and corn that can be produced simultaneously in an economy, measured in millions of pounds. Corn Fish 128 115 18 96 45 64 67 25 81 90 What is the opportunity cost of an action that increases fish production from 45 to 67? Opportunity Cost = Corn What is the opportunity cost of an action that increases corn production from 25 to 64? Opportunity Cost = Fish

The people of Leisure Island have 50 hours of labor a day that can be used to produce entertainment and good food. Entertainment Good food The table shows the maximum quantity of either entertainment or good food that Leisure Island can produce with different quantities of labor. Labor (units) (units) or What is the opportunity cost of producing an additional unit of entertainment? 10 20 or 60 20 40 or 100 How does the opportunity cost of producing a unit of entertainment change as more entertainment is produced? 30 60 or 120 >>> Answer to 1 decimal place below. 40 80 130 or 50 100 or 134 When Leisure Island produces 20 units of entertainment and 100 units of food, the opportunity cost of producing an additional unit of entertainment is 0 units of food. When production is 40 units of entertainment and 120 units of food a day, the opportunity cost of producing another unit of entertainment is 1.0 units of food. When production is 60 units of entertainment and 100 units of food a day,…

A country's production possibilities frontier will be a straight line if Group of answer choices the economy is producing efficiently. increasing the production of one good by x units entails no opportunity cost in terms of the other good. increasing the production of one good by x units entails a constant opportunity cost in terms of the other good. the economy is engaged in trade with at least one other economy.

Suppose the economy initially produces 15,000 gallons of drinking water and 400,000 tons of steel, which is represented by point A. The opportunity cost of producing an additional 5,000 gallons of drinking water (that is, moving production to point B ) is tons of steel. Suppose, instead, that the economy currently produces 336,000 tons of steel and 20,000 gallons of drinking water, which is represented by point B. Now the opportunity cost of producing an additional 5,000 gallons of drinking water (that is, moving to point C ) is tons of steel. Comparing your answers in the two previous paragraphs, you can see that the opportunity cost of 5,000 additional gallons of drinking water at point B is the opportunity