Figure 2-9 Refer to Figure 2-9. If the economy moves from point A to point D, the opportunity cost is

Name: Figure 2-9 Refer to Figure 2-9. If the economy moves from point A to point D, the opportunity cost is
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Question

Figure 2-9  Refer to Figure 2-9. If the economy moves from point A to point D, the opportunity cost is

Quizplus · Accepted Answer

Moving from point A to point D involves producing 20 fewer toasters (120-100) and 30 more toothbrushes (70-40). Therefore, the opportunity cost of producing one more toaster is 30/20 = 1.5 toothbrushes.