Figure 2-10
Refer to Figure 2-10. If the economy moves from point C to point B, then which of the following statements is correct?
A) The economy benefited from a technological advance in the production of baseballs.
B) The opportunity cost of each additional baseball is 2 bananas.
C) The opportunity cost of each additional banana is 2 baseballs.
D) The move involves no opportunity cost; it simply reflects the desires of the economy's citizens.

Question

Figure 2-10 
Refer to Figure 2-10. If the economy moves from point C to point B, then which of the following statements is correct?
A) The economy benefited from a technological advance in the production of baseballs. 
B) The opportunity cost of each additional baseball is 2 bananas. 
C) The opportunity cost of each additional banana is 2 baseballs. 
D) The move involves no opportunity cost; it simply reflects the desires of the economy's citizens.

Quizplus · Accepted Answer

The Answer of Figure 2-10 
Refer to Figure 2-10. If the economy moves from point C to point B, then which of the following statements is correct?
A) The economy benefited from a technological advance in the production of baseballs. 
B) The opportunity cost of each additional baseball is 2 bananas. 
C) The opportunity cost of each additional banana is 2 baseballs. 
D) The move involves no opportunity cost; it simply reflects the desires of the economy's citizens.

Figure 2-10 Refer to Figure 2-10. If the Economy Moves from Point