Table 2.1.2
-Refer to Table 2.1.2.In moving from combination B to combination C, the opportunity cost of producing one additional snowshoe is
A)1/6 kilogram of butter.
B)2 kilograms of butter.
C)3 kilograms of butter.
D)1/2 kilogram of butter.
E)6 kilograms of butter.

Question

Table 2.1.2
-Refer to Table 2.1.2.In moving from combination B to combination C, the opportunity cost of producing one additional snowshoe is
A)1/6 kilogram of butter. 
B)2 kilograms of butter. 
C)3 kilograms of butter. 
D)1/2 kilogram of butter. 
E)6 kilograms of butter.

Quizplus · Accepted Answer

The opportunity cost is the amount of butter given up to produce one more snowshoe. If moving from combination B to C results in 3 fewer kilograms of butter, then the opportunity cost is 3 kilograms of butter.

Table 2.1.2 -Refer to Table 2.1.2.In Moving from Combination B to Combination