Figure 2-10
-Refer to Figure 2-10. If the economy is currently producing at point A, what is the opportunity cost of moving to point B?

Question

Figure 2-10 
-Refer to Figure 2-10. If the economy is currently producing at point A, what is the opportunity cost of moving to point B?

Quizplus · Accepted Answer

The opportunity cost of moving from point A to point B is the amount of forks that must be given up to produce the additional spoons. In this case, 12 thousand forks must be given up to produce the additional 16 thousand spoons.

Figure 2-10 -Refer to Figure 2-10. If the Economy Is Currently Producing