Figure 2-10
-Refer to Figure 2-10. If the economy is currently producing at point C, what is the opportunity cost of moving to point B?
A) 20 thousand spoons
B) 26 thousand forks
C) 40 thousand spoons
D) 46 thousand forks

Question

Figure 2-10 
-Refer to Figure 2-10. If the economy is currently producing at point C, what is the opportunity cost of moving to point B?
A) 20 thousand spoons 
B) 26 thousand forks 
C) 40 thousand spoons 
D) 46 thousand forks

Quizplus · Accepted Answer

The opportunity cost of moving from point C to point B is the amount of spoons that must be given up, which is 20 thousand spoons.

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