-Refer to the graph above.Given Vineetstan's production possibility curve,when moving from point B to point C the opportunity cost of reading articles in terms of listening to CDs is
A) ½ CD.
B) 2 CDs.
C) ⅔ CD.
D) 3 CDs.
E) 4 CDs.

Question

-Refer to the graph above.Given Vineetstan's production possibility curve,when moving from point B to point C the opportunity cost of reading articles in terms of listening to CDs is
A) ½ CD. 
B) 2 CDs. 
C) ⅔ CD. 
D) 3 CDs. 
E) 4 CDs.

Quizplus · Accepted Answer

The opportunity cost of reading articles in terms of listening to CDs is the amount of CDs that must be given up to read one more article. Moving from point B to point C, Vineetstan gives up 2 CDs to read 1 more article. Therefore, the opportunity cost is 2 CDs.

-Refer to the Graph Above