The Following Questions Refer to the graph below.
-The opportunity cost of a million gallons of milk is how many millions of loaves of bread for this country?

Question

The Following Questions Refer to the graph below. 
-The opportunity cost of a million gallons of milk is how many millions of loaves of bread for this country?

Quizplus · Accepted Answer

The opportunity cost of a million gallons of milk is the number of loaves of bread that could have been produced with the same resources. Since 1 gallon of milk can be used to produce 2 loaves of bread, the opportunity cost of a million gallons of milk is 2 million loaves of bread.

The Following Questions Refer to the Graph Below