-In the above figure, at point b what is the opportunity cost of producing 2 more audio tapes?
A) 1/2 video tape per audio tape
B) 1 video tape per audio tape
C) 6 video tapes per audio tape
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) 1/2 video tape per audio tape 
B) 1 video tape per audio tape 
C) 6 video tapes per audio tape 
D) There is no opportunity cost.

Quizplus · Accepted Answer

The opportunity cost of producing more audio tapes is the amount of video tapes that must be given up. If producing 2 more audio tapes costs 1 video tape, then the opportunity cost per audio tape is 1/2 video tape.

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