Figure 3-1

-According to Figure 3-1, the opportunity cost of one more bushel of wheat is

Question

Figure 3-1
 
-According to Figure 3-1, the opportunity cost of one more bushel of wheat is

Quizplus · Accepted Answer

According to the graph, the slope of the production possibility curve (PPC) is steeper at point B than at point D, suggesting that the opportunity cost of producing more wheat at point B is higher than at point D. Therefore, the answer is option B, which states that the opportunity cost of one more bushel of wheat is lower at D than at B.

Figure 3-1 -According to Figure 3-1, the Opportunity Cost of One More