Figure 1.3.2
Monthly Production Possibilities for a Country Producing Only Hockey Sticks and Maple Leaves

-In Figure 1.3.2, moving from possibility c to possibility b, the opportunity cost of producing one additional hockey stick is

Question

Figure 1.3.2
Monthly Production Possibilities for a Country Producing Only Hockey Sticks and Maple Leaves

-In Figure 1.3.2, moving from possibility c to possibility b, the opportunity cost of producing one additional hockey stick is

Quizplus · Accepted Answer

Moving from possibility c to possibility b, the production of 2 hockey sticks requires giving up 6 maple leaves (from 18 to 12). Therefore, the opportunity cost of producing 1 additional hockey stick is 6/2 = 3 maple leaves.

Figure 1.3.2 Monthly Production Possibilities for a Country Producing Only Hockey Sticks