(Figure: Omar's Production Possibilities) Use Figure: Omar's Production Possibilities.The opportunity cost for Tom to move from point B on the curve to point A is:

A) 10 coconuts.
B) 10 fish.
C) 5 coconuts.
D) 5 fish.

Question

Michelle Sorrell · Accepted Answer

Final Answer : B, Explanation :  The opportunity cost of moving from point B to point A involves giving up the production of some goods in order to produce more of another. In this case, moving from B to A on a typical production possibilities curve means producing fewer coconuts in order to catch more fish. Since the question specifies the movement from B to A and asks for the opportunity cost in terms of what is given up, and the correct answer is the amount of fish given up, which is 10 fish.

(Figure: Omar's Production Possibilities) Use Figure: Omar's Production Possibilities.The opportunity cost for Tom to move from point B on the curve to point A is:

A) 10 coconuts.
B) 10 fish.
C) 5 coconuts.
D) 5 fish.

Definitions

Learning Objectives

Learning Objectives

Related questions

(Figure: Omar's Production Possibilities) Use Figure: Omar's Production Possibilities.The opportunity cost for Tom to move from point B on the curve to point A is:A) 10 coconuts.B) 10 fish.C) 5 coconuts.D) 5 fish.

Definitions

Learning Objectives

Learning Objectives

Related questions

(Figure: Omar's Production Possibilities) Use Figure: Omar's Production Possibilities.The opportunity cost for Tom to move from point B on the curve to point A is:

A) 10 coconuts.
B) 10 fish.
C) 5 coconuts.
D) 5 fish.