Figure 3-3
Ice cream and cones are measured in kilograms.
-Refer to Figure 3-3. For Ben, what is the opportunity cost of 1 kg of ice cream?

Name: Figure 3-3 Ice cream and cones are measured in kilograms. -Refer to Figure 3-3. For Ben, what is the opportunity cost of 1 kg of ice cream?
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Question

Figure 3-3
Ice cream and cones are measured in kilograms. 
-Refer to Figure 3-3. For Ben, what is the opportunity cost of 1 kg of ice cream?

Quizplus · Accepted Answer

The opportunity cost of producing 1 kg of ice cream is the amount of cones Ben has to give up. If Ben gives up 4 kg of cones to produce 1 kg of ice cream, then the opportunity cost is 4 kg of cones.

Figure 3-3 Ice Cream and Cones Are Measured in Kilograms