-In the above figure, at point a what is the opportunity cost of producing one more audio tape?
A) 2 video tapes per audio tape
B) 1 video tape per audio tape
C) 14 video tapes per audio tape
D) There is no opportunity cost.

Question

-In the above figure, at point a what is the opportunity cost of producing one more audio tape?
A) 2 video tapes per audio tape 
B) 1 video tape per audio tape 
C) 14 video tapes per audio tape 
D) There is no opportunity cost.

Quizplus · Accepted Answer

The opportunity cost is the amount of the other good that must be given up to produce one more unit of a good. If producing one more audio tape requires sacrificing 1 video tape, then the opportunity cost is 1 video tape per audio tape.

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