Figure 2-4

-Refer to Figure 2-4.The opportunity cost of this economy moving from point Z to point Y is

Name: Figure 2-4 -Refer to Figure 2-4.The opportunity cost of this economy moving from point Z to point Y is
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Question

Figure 2-4
 
-Refer to Figure 2-4.The opportunity cost of this economy moving from point Z to point Y is

Quizplus · Accepted Answer

Moving from point Z to point Y requires the economy to produce 10 more notepads, resulting in the opportunity cost of 10 lamps (the amount of lamps the economy must give up to produce 10 more notepads). Therefore, the correct answer is B.

Figure 2-4 -Refer to Figure 2-4.The Opportunity Cost of This Economy Moving