-In Table 3-2, from point C, the opportunity cost of 3 more units of cotton would be
A)4 units of corn.
B)8 units of corn.
C)14 units of corn.
D)16 units of corn.

Question

-In Table 3-2, from point C, the opportunity cost of 3 more units of cotton would be
A)4 units of corn. 
B)8 units of corn. 
C)14 units of corn. 
D)16 units of corn.

Quizplus · Accepted Answer

The opportunity cost is calculated based on the trade-off between the two goods. If moving from point C to another point results in gaining 3 more units of cotton, the opportunity cost is the amount of corn that must be given up, which is 8 units in this scenario.

-In Table 3-2, from Point C, the Opportunity Cost of 3