-Refer to the graph above.Given Vineetstan's production possibility curve of listening to CDs or reading magazine articles in one week,when moving from point A to point B,the opportunity cost of listening to each CD in terms of reading articles is
A) ½ article.
B) 1 article.
C) 2 articles.
D) 3 articles.
E) 4 articles.

Question

-Refer to the graph above.Given Vineetstan's production possibility curve of listening to CDs or reading magazine articles in one week,when moving from point A to point B,the opportunity cost of listening to each CD in terms of reading articles is
A) ½ article. 
B) 1 article. 
C) 2 articles. 
D) 3 articles. 
E) 4 articles.

Quizplus · Accepted Answer

The opportunity cost is calculated by the number of articles given up to listen to one more CD. If moving from point A to point B results in giving up 2 articles for each additional CD, then the opportunity cost is 2 articles per CD.

-Refer to the Graph Above