The opportunity cost of a movement from point N to J would
A)be the lost production of some capital goods.
B)be the lost production of some consumer goods.
C)be slower economic growth in the future.
D)not involve any sacrifice of either capital or consumer goods.

Question

Quizplus · Accepted Answer

The opportunity cost of a movement from point N to J would be the lost production of some consumer goods. This is because when resources are used to produce goods and services, they cannot be used to produce other goods and services. Therefore, when resources are used to move from N to J, they cannot be used to produce consumer goods.

The Opportunity Cost of a Movement from Point N to J