Graph 2-7
-Refer to Graph 2-7.In the production possibilities frontier shown, what is the opportunity cost to society of moving from point C to point E?

Question

Graph 2-7 
-Refer to Graph 2-7.In the production possibilities frontier shown, what is the opportunity cost to society of moving from point C to point E?

Quizplus · Accepted Answer

Moving from point C to point E means that society is giving up the production of both 150 pretzels and 300 potato chips, so the opportunity cost is both A and B. Therefore, the best choice(s) would depend on the preferences of society and cannot be determined solely from this graph.

Graph 2-7 -Refer to Graph 2-7.In the Production Possibilities Frontier Shown, What