Laura’s production possibility curve for math and economics problems in one night is shown in the graph. Her opportunity cost of finishing six math problems instead of four math problems is:
A. one economics problem.
B. two economics problems.
C. three economics problems.
D. four economics problems.
Answer:A
Laura’s production possibility curve for math and economics problems in one night is shown in the graph. Her opportunity cost of finishing six math problems instead of four math problems is:
A. one economics problem. B. two economics problems. C. three economics problems. D. four economics problems.
Explanation: Finishing two more math problems means not finishing one (4 − 3) economics problem.