if-the-opportunity-cost-of-producing-1-unit-of-good-x-is-4-units-of-good-y-what-

Question

If the opportunity cost of producing 1 unit of good X is 4 units of good Y, what is a fair exchange rate between good X and good Y?

Accepted Answer

1 unit of good X for 4 units of good Y.

Answer

1 unit of good X for 1 unit of good Y.

Answer

2 units of good X for 4 units of good Y.

Answer

4 units of good X for 1 unit of good Y.