Use the following figure to answer the questions: Figure 1.7:

-The cost of producing at point D rather than point J is :
A)KM units of clothing.
B)AC units of food.
C)OM units of clothing.
D)OA units of food.

Question

Use the following figure to answer the questions: Figure 1.7:

-The cost of producing at point D rather than point J is : 
A)KM units of clothing. 
B)AC units of food. 
C)OM units of clothing. 
D)OA units of food.

Quizplus · Accepted Answer

Producing at point D rather than point J involves a trade-off in terms of opportunity cost. The opportunity cost is represented by the difference in the number of units of clothing, which is KM.

Use the Following Figure to Answer the Questions: Figure 1