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

Question

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

Quizplus · Accepted Answer

Point C represents the country achieving its maximum possible production given its resources. At this point, the country can produce 2 million gallons of milk and 1 million loaves of bread. This is the most efficient use of resources and therefore the best choice. Choosing any other point would result in sacrificing some productivity in one of the goods for the other.

The Following Questions Refer to the Graph Below