ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    Question

    If the economy is operating at point C, the opportunity

    cost of producing an additional 20 units of bacon is
    A 40 units of eggs Correct Answer Incorrect Answer
    B 10 units of eggs Correct Answer Incorrect Answer
    C 20 units of eggs Correct Answer Incorrect Answer
    D 30 units of eggs Correct Answer Incorrect Answer
    E 50 units of eggs Correct Answer Incorrect Answer

    Solution

    Opportunity cost is the value of the next best alternative. At C, MRT = 20/50 = 0.4

    Practice Next
    More Research Questions
    ask-question