Arrange the following steps in the correct order to analyze opportunity costs when deciding to produce smartphones instead of burgers: 1) Identify the trade-off between the products; 2) Calculate the total resources available; 3) Determine the opportunity cost of producing one more smartphone; 4) Make an informed decision based on the opportunity costs calculated.

To analyze opportunity costs when deciding to produce smartphones instead of burgers, you first need to identify the trade-off between the products. This means understanding what you give up by choosing to make smartphones instead of burgers. Next, calculate the total resources available, like time, money, and materials, to see how many of each product you could potentially make. After that, determine the opportunity cost of producing one more smartphone, which involves figuring out how many burgers you could have made instead. Finally, you can make an informed decision based on the opportunity costs you've calculated, allowing you to weigh the benefits and drawbacks of each choice.