Refer to the figure below. For Chris, the opportunity cost of planting one bulb is removing:
A)25 bags of trash.
B)1/25 of a bag of trash.
C)3 bags of trash.
D)1/3 of a bag of trash.

Question

Refer to the figure below. For Chris, the opportunity cost of planting one bulb is removing:  
A)25 bags of trash. 
B)1/25 of a bag of trash. 
C)3 bags of trash. 
D)1/3 of a bag of trash.

Quizplus · Accepted Answer

From the graph, we can see that Chris must give up the opportunity to remove 3 bags of trash in order to plant one bulb. Therefore, the opportunity cost of planting one bulb for Chris is 3 bags of trash.

Refer to the Figure Below