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.
Correct Answer:
Verified
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