Figure 2-6

-Refer to Figure 2-6.What is the opportunity cost to society of moving from point B to point D

Question

Figure 2-6
 
-Refer to Figure 2-6.What is the opportunity cost to society of moving from point B to point D

Quizplus · Accepted Answer

Moving from point B to D means giving up 100 bananas and gaining 50 baseballs. Therefore, the opportunity cost of moving from B to D is 100 bananas and 50 baseballs. Option C represents this trade-off. This is the best choice because it accurately reflects the cost of moving from B to D in terms of the two goods.

Figure 2-6 -Refer to Figure 2-6.What Is the Opportunity Cost to Society