Figure 2.5

-Refer to Figure 2.5. If the economy is currently producing at point E, what is the opportunity cost of moving to point D?

Name: Figure 2.5 -Refer to Figure 2.5. If the economy is currently producing at point E, what is the opportunity cost of moving to point D?
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Question

Figure 2.5
 
-Refer to Figure 2.5. If the economy is currently producing at point E, what is the opportunity cost of moving to point D?

Quizplus · Accepted Answer

Moving from point E to point D means producing 4 thousand more wrenches but producing 10 thousand fewer hammers. Therefore, the opportunity cost of moving to point D is 10 thousand hammers.

Figure 2.5 -Refer to Figure 2.5. If the Economy Is Currently Producing