Between points "b" and "c" in the above figure, the opportunity cost of 250 more bushels of corn is
A) 200 yards of cloth.
B) 250 yards of cloth.
C) 600 yards of cloth.
D) 800 yards of cloth.

Question

Quizplus · Accepted Answer

The opportunity cost is the amount of the other good that must be given up to produce more of one good. If 250 more bushels of corn require giving up 200 yards of cloth, then the opportunity cost is 200 yards of cloth.

Between Points "B" and "C" in the Above Figure, the Opportunity