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Exhibit: Strawberries and Submarines

-(Exhibit: Strawberries and Submarines) Suppose the economy is now operating at point A. The first submarine, which is achieved at point B, would have an opportunity cost of _______ million tons of strawberries.
A) 50
B) 150
C) 400
D) 950

Question

Use the following to answer question(s): 
Exhibit: Strawberries and Submarines
 
-(Exhibit: Strawberries and Submarines) Suppose the economy is now operating at point A. The first submarine, which is achieved at point B, would have an opportunity cost of _______ million tons of strawberries.
A) 50 
B) 150 
C) 400 
D) 950

Quizplus · Accepted Answer

The opportunity cost of moving from point A to point B is the amount of strawberries forgone to produce the first submarine. If point A represents 950 million tons of strawberries and point B represents 900 million tons, the opportunity cost is 50 million tons of strawberries.

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