Figure 3-4
-Refer to Figure 3-4. For Ben, the opportunity cost of 1 bottle of beer is

Name: Figure 3-4 -Refer to Figure 3-4. For Ben, the opportunity cost of 1 bottle of beer is
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Question

Figure 3-4  
-Refer to Figure 3-4. For Ben, the opportunity cost of 1 bottle of beer is

Quizplus · Accepted Answer

The opportunity cost of 1 bottle of beer is the amount of wine Ben has to give up to produce it. If Ben's production possibilities show that he can produce 2 bottles of beer for every 1 bottle of wine, then the opportunity cost of 1 bottle of beer is 1/2 bottle of wine.