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-(Figure: Strawberries and Submarines II)Use Figure: Strawberries and Submarines II.Suppose the economy is operating at point A.The first submarine,which is achieved at point B,would have an opportunity cost of _____ million tons of strawberries.
A)50
B)150
C)400
D)950

Question

Use the following to answer question:

-(Figure: Strawberries and Submarines II)Use Figure: Strawberries and Submarines II.Suppose the economy is operating at point A.The first submarine,which is achieved at point B,would have an opportunity cost of _____ million tons of strawberries. 
A)50 
B)150 
C)400 
D)950

Quizplus · Accepted Answer

The opportunity cost of moving from point A to point B to produce the first submarine involves giving up 50 million tons of strawberries, as indicated by the difference in strawberry production between these two points on the production possibility frontier.

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