-In the above figure,Jack's opportunity cost of producing 1 litre of soft drink is ________ of bottled water.
A)2 litres
B)1 litre
C)1/4 of a litre
D)6 litres
E)1/2 of a litre

Question

-In the above figure,Jack's opportunity cost of producing 1 litre of soft drink is ________ of bottled water.
A)2 litres 
B)1 litre 
C)1/4 of a litre 
D)6 litres 
E)1/2 of a litre

Quizplus · Accepted Answer

Jack's opportunity cost of producing 1 litre of soft drink is 2 litres of bottled water. This is because he could have used the resources used to produce 1 litre of soft drink to produce 2 litres of bottled water instead.

-In the Above Figure,Jack's Opportunity Cost of Producing 1 Litre