Use the following to answer questions :
-(Figure: Wine and Wheat) Look at the figure Wine and Wheat. The opportunity cost of moving from producing ONLY wheat to producing at point D is _____ tons of wheat.
A)3
B)6
C)9
D)15

Question

Use the following to answer questions : 
-(Figure: Wine and Wheat) Look at the figure Wine and Wheat. The opportunity cost of moving from producing ONLY wheat to producing at point D is _____ tons of wheat.
A)3 
B)6 
C)9 
D)15

Quizplus · Accepted Answer

The opportunity cost of moving from producing ONLY wheat to producing at point D is 3 tons of wheat. This is because at point D, the economy is producing 6 tons of wine and 9 tons of wheat. If the economy were to produce ONLY wheat, it would be able to produce 12 tons of wheat (as shown by the point on the x-axis). Therefore, the opportunity cost of producing 6 tons of wine is 3 tons of wheat.

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