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Figure: Strawberries and Submarines II
-(Figure: Strawberries and Submarines II)Use Figure: Strawberries and Submarines II.Suppose the economy is operating at point A.The first submarine,which is achieved at point B,would have an opportunity cost of _____ million tonnes of strawberries.
A) 50
B) 150
C) 400
D) 950

Question

Use the following to answer questions:
Figure: Strawberries and Submarines II 
-(Figure: Strawberries and Submarines II)Use Figure: Strawberries and Submarines II.Suppose the economy is operating at point A.The first submarine,which is achieved at point B,would have an opportunity cost of _____ million tonnes of strawberries.
A) 50 
B) 150 
C) 400 
D) 950

Quizplus · Accepted Answer

The opportunity cost of moving from point A to point B is the amount of strawberries forgone to produce the first submarine. If point A represents 950 million tonnes of strawberries and point B represents 900 million tonnes, the opportunity cost is 50 million tonnes.

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