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Figure: Strawberries and Submarines II
-(Figure: Strawberries and Submarines II) Look at the figure Strawberries and Submarines II. Suppose the economy is operating at point A. The first submarine, which is achieved at point B, would have an opportunity cost of _____ million tons of strawberries.
A)50
B)150
C)400
D)950

Question

Use the following to answer questions :
Figure: Strawberries and Submarines II 
-(Figure: Strawberries and Submarines II) Look at the figure Strawberries and Submarines II. Suppose the economy is operating at point A. The first submarine, which is achieved at point B, would have an opportunity cost of _____ million tons of strawberries.
A)50 
B)150 
C)400 
D)950

Quizplus · Accepted Answer

The opportunity cost of moving from point A to point B is the amount of strawberries forgone, which is 50 million tons.

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