Figure 2-6
-Refer to Figure 2-6. What is the opportunity cost to society of the movement from point A to point B?

Name: Figure 2-6 -Refer to Figure 2-6. What is the opportunity cost to society of the movement from point A to point B?
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Question

Figure 2-6 
-Refer to Figure 2-6. What is the opportunity cost to society of the movement from point A to point B?

Quizplus · Accepted Answer

The opportunity cost is the value of the next best alternative that was given up. In this case, the movement from point A to point B means that society is giving up 50 baseballs in order to produce 100 bananas.

Figure 2-6 -Refer to Figure 2-6. What Is the Opportunity Cost to Opportunity