The Following Questions Refer to the graph below.
-Without trade,the Republic of Alpha's production possibilities curve is AB.The cost of producing bread in Alpha (in terms of millions of gallons of milk)is

Question

The Following Questions Refer to the graph below. 
-Without trade,the Republic of Alpha's production possibilities curve is AB.The cost of producing bread in Alpha (in terms of millions of gallons of milk)is

Quizplus · Accepted Answer

The cost of producing bread in terms of milk is determined by the slope of the production possibilities curve. If the curve is linear, the slope indicates the opportunity cost. Here, the cost is 2 million gallons of milk per unit of bread.

The Following Questions Refer to the Graph Below