This graph shows three different budget constraints: A,B,andC.
If Larry has budget constraint B in the graph shown,what is his opportunity cost of one gallon of milk?
A) It is the amount of soda he can't buy if he uses the money to buy a gallon of milk.
B) It is the amount of soda he could buy with the dollars it takes to buy one gallon of milk.
C) It is less than one case of soda.
D) All of these are true.
Correct Answer:
Verified
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