Figure: Indifference Curves (Figure: Indifference Curves) What is the opportunity cost of cloth in
Terms of wheat in this example?
A)A unit of cloth may be obtained by foregoing a unit of wheat.
B)A unit of cloth "costs" 2 units of wheat.
C)A unit of cloth "costs" 1/2 unit of wheat.
D)Not enough information is given to answer.

Question

Figure: Indifference Curves  (Figure: Indifference Curves) What is the opportunity cost of cloth in
Terms of wheat in this example?
A)A unit of cloth may be obtained by foregoing a unit of wheat. 
B)A unit of cloth "costs" 2 units of wheat. 
C)A unit of cloth "costs" 1/2 unit of wheat. 
D)Not enough information is given to answer.

Quizplus · Accepted Answer

The Answer of Figure: Indifference Curves  (Figure: Indifference Curves) What is the opportunity cost of cloth in
Terms of wheat in this example?
A)A unit of cloth may be obtained by foregoing a unit of wheat. 
B)A unit of cloth "costs" 2 units of wheat. 
C)A unit of cloth "costs" 1/2 unit of wheat. 
D)Not enough information is given to answer.

Figure: Indifference Curves (Figure: Indifference Curves) What Is the Opportunity