-In the above figure, curve b shows the
A) benefits of producing more bicycles is greater than the benefits of producing more soda.
B) bottles of soda that people must forgo to get another bicycle.
C) bottles of soda that people are willing to forgo to get another bicycle.
D) benefits of producing more soda is greater than the benefits of producing more bicycles.

Question

-In the above figure, curve b shows the
A) benefits of producing more bicycles is greater than the benefits of producing more soda. 
B) bottles of soda that people must forgo to get another bicycle. 
C) bottles of soda that people are willing to forgo to get another bicycle. 
D) benefits of producing more soda is greater than the benefits of producing more bicycles.

Quizplus · Accepted Answer

Curve b represents the opportunity cost in terms of the number of bottles of soda people are willing to forgo to obtain an additional bicycle.

-In the Above Figure, Curve B Shows the