-The above figure shows the production possibility frontier for a country. What is the opportunity cost per ton of rice to move from point D to E?
A) 3000 bottles of wine
B) 333 bottles of wine
C) 3 bottles of wine
D) 1/3 of a bottle of wine
E) None of the above answers are correct.

Question

-The above figure shows the production possibility frontier for a country. What is the opportunity cost per ton of rice to move from point D to E?
A) 3000 bottles of wine 
B) 333 bottles of wine 
C) 3 bottles of wine 
D) 1/3 of a bottle of wine 
E) None of the above answers are correct.

Quizplus · Accepted Answer

The opportunity cost of moving from point D to E is 3000 bottles of wine. This is because at point D, the country is producing 6000 bottles of wine and 2000 tons of rice. At point E, the country is producing 9000 bottles of wine and 1000 tons of rice. Therefore, the country must give up 3000 bottles of wine in order to produce an additional 1000 tons of rice.

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