-In the above figure, at point b what is the opportunity cost of producing 2 more audio tapes?
A) 1 video tape
B) 12 video tapes
C) 2 video tapes
D) There is no opportunity cost.

Question

-In the above figure, at point b what is the opportunity cost of producing 2 more audio tapes?
A) 1 video tape 
B) 12 video tapes 
C) 2 video tapes 
D) There is no opportunity cost.

Quizplus · Accepted Answer

The opportunity cost of producing more audio tapes is the number of video tapes that must be given up, which is 1 video tape in this scenario.

-In the Above Figure, at Point B What Is the Opportunity