(Figure: The Production Possibilities for Taiwan and Japan) Use Figure: The Production Possibilities for Taiwan and Japan. The opportunity cost of producing 1 microchip in Japan is _____ pair of rain boots. Two line graphs, plot Quantity of microchips on the vertical axis against Quantity of rain boots on the horizontal axis. In both graphs, the vertical axis ranges from 0 to 1,600, in increments of 100, and the horizontal axis ranges from 0 to 1,200, in increments of 100. The first graph is titled "Taiwan." A negative sloping line falls from (0, 600) to (1,200, 0). The second graph is titled "Japan." A negative sloping line falls from (0, 1,600) to (800, 0). Question 3 options: a) 1 b) 6 c) 2 d) 0.5