Figure 2-4
-Refer to Figure 2-4. What is the opportunity cost to the economy of getting 30 additional toothbrushes by moving from point A to point D?

Question

Figure 2-4 
-Refer to Figure 2-4. What is the opportunity cost to the economy of getting 30 additional toothbrushes by moving from point A to point D?

Quizplus · Accepted Answer

To get 30 additional toothbrushes, the economy has to give up 20 toasters, which is the opportunity cost of moving from point A to point D. Point A represents the maximum production of toasters (30) and point D represents the maximum production of toothbrushes (60). The difference in the number of toasters produced between point A and point D is 20. Therefore, the opportunity cost is 20 toasters.

Figure 2-4 -Refer to Figure 2-4. What Is the Opportunity Cost to Opportunity