Figure 3-4
-Refer to Figure 3-4. For Ben, what is the opportunity cost of one bottle of beer?
A) 1/2 bottle of wine
B) 1/4 bottle of wine
C) 2 bottles of wine
D) 4 bottles of wine

Question

Figure 3-4 
-Refer to Figure 3-4. For Ben, what is the opportunity cost of one bottle of beer?
A) 1/2 bottle of wine 
B) 1/4 bottle of wine 
C) 2 bottles of wine 
D) 4 bottles of wine

Quizplus · Accepted Answer

The opportunity cost of one bottle of beer is the amount of wine Ben has to give up to produce one more bottle of beer. If Ben's production possibilities indicate that he gives up 1/2 bottle of wine for each bottle of beer, then the opportunity cost is 1/2 bottle of wine.

Figure 3-4 -Refer to Figure 3-4. for Ben, What Is the Opportunity