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

Question

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

Quizplus · Accepted Answer

The opportunity cost of moving from point B to point C is the amount of bananas that must be given up to produce more baseballs. If moving from point B to point C results in a decrease of 100 bananas and an increase of 50 baseballs, then the opportunity cost is 100 bananas for 50 baseballs.

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