-The above figure shows the production possibility frontier for a country.What is the opportunity cost per tonne of rice to move from point B to point D?
A)1,000 bottles of wine
B)2 bottles of wine
C)1/2 of a bottle of wine
D)500 bottles of wine
E)None of the above answers is correct.

Question

-The above figure shows the production possibility frontier for a country.What is the opportunity cost per tonne of rice to move from point B to point D?
A)1,000 bottles of wine 
B)2 bottles of wine 
C)1/2 of a bottle of wine 
D)500 bottles of wine 
E)None of the above answers is correct.

Quizplus · Accepted Answer

The opportunity cost is the amount of wine given up to produce more rice. If moving from point B to point D results in a decrease of 500 bottles of wine, then the opportunity cost is 500 bottles of wine per tonne of rice.

-The Above Figure Shows the Production Possibility Frontier for a Country.What