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 cones?
A) 1/4 kg of ice cream
B) 1/2 kg of ice cream
C) 2 kg of ice cream
D) 4 kg of ice cream

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 cones?
A) 1/4 kg of ice cream 
B) 1/2 kg of ice cream 
C) 2 kg of ice cream 
D) 4 kg of ice cream

Quizplus · Accepted Answer

The opportunity cost of 1 kg of cones is 1/4 kg of ice cream because Ben could have used the resources to produce 1/4 kg of ice cream instead.

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