Answer the following questions

ECONOMICS CH 1 $2 OPPORTUNITY COSTS PART 2 Using the chart below, answer the questions about Opportunity Costs and Trade - Offs. Number of aircraft 1 carriers 2 3 5 produced Number of Hospitals 25 20 15 produced 10 5 0 Using the Chart above to answer the questions below. 1. In this example, the trade-off is between and 2. What is the opportunity costs of building 25 Hospitals 3. What is the opportunity costs of building 5 Aircraft Carriers 4. What is the opportunity costs of building 2 Air Craft Carriers 5. What is the opportunity costs of building 15 Hospitals 6. What is the opportunity costs of building 4 Air Craft Carries instead of 1 Air Craft Carrier 7. What is the opportunity costs of building 15 Hospitals instead of 5 Hospitals 8. How do the above examples prove "Choosing is Refusing"