Using the above table, moving from alternative C to alternative B, what is the opportunity cost of one loaf of bread?
A) 1 pizza pie
B) 30 pizza pies
C) 2 pizza pies
D) 0.5 pizza pie

Question

Quizplus · Accepted Answer

The opportunity cost of moving from alternative C to B is the number of pizza pies given up to produce one more loaf of bread. From C to B, 15 pizza pies are given up to produce 30 more loaves of bread, so the opportunity cost is 15/30 = 0.5 pizza pie per loaf of bread.

Using the Above Table, Moving from Alternative C to Alternative